Categories
Tech

$NFLX . Bearish?

 

 

$NFLX was actually featured during Apple’s new iPad launch.

However, despite being featured prominently, the share price did not react positively.

While the general market has surge higher, NFLX is not going anywhere.

On the Ichimoku chart, NFLX is now showing:

1. A bearish cross from the Tenkan sen and Kijun sen

2. Sitting on a fairly thin kumo support

3. We can also see that the current price level is below the gap from Jan 26.

A drop below the kumo will allow us to have a target of $60 price range.

Categories
Tech

Research In Motion (RIMM) : New Product, and Kumo resistance

Now that AT&T has unveil RIMM’s new phone, Torch, on its web site…. the question to ask is, “Are you impressed?

Are there any new features that competitors like AAPL or GOOG cannot provide or catch up with?

Let’s take a look at the Ichimoku chart.

Currently, RIMM is heading right smack into the kumo resistance.

With the resistance fairly thick, I am expecting RIMM to retrace to around $52.

One of the things lacking in this product launch is the WOW factor that we see for PALM.

With PALM, the WOW factor pushes it from $6 to around $17-18 before it finally falls under its own weight.

RIMM is slightly different. Revenue is strong. However, the product is missing the WOW.