Categories
STI

STI : Ichimoku Chart Reading as of Nov 8, 2010

STI continues its rally since its July breakout from the kumo (highlighted by the yellow area).

Support is expected at 3208 (as identified by the Chikou Span – pink highlighted area).

Immediate support is at the gap at around 3263

Expect consolidation and gentle bullish move till Jan 2011.

Categories
Tech

RealNetworks Inc (RNWK) : Potential Breakout

Rob Glaser steps down as CEO of REALNetworks.

Having said that, here some interesting notes on REALNetworks. (RNWK).

  • half a billion dollars company with revenue in the range of US$500M to US$600M
  • business units includes music, games, media software + services, technology products + solutions

Key possible growth includes:

  • spinoff of its games unit (listing?)
  • more licensing on products front, possibly in Europe, and North Asia.

Chart Reading:

Nothing much happenign at the moment.

Currently, RNWK price is just sitting within the kumo after a gap up last month.

The price is consolidating and there seems to be some accumulation going on.

Categories
S&P500

S&P 500 (SPX) : Ichimoku Chart Reading as of Oct 27, 2009

The index has been falling for the past few days.

However, up till now, there is still NO CONFIRMATION of a BEARISH move.

On the Daily Chart, we can see that yesterday’s close is sitting on top of the Kijun sen at 1060

Further down, another support is at 1048 (or 1050).

On the Weekly Chart, it provides insight to the greater trend.

We can see that there is a huge kumo support below and the leading kumo is starting to twist; a suggestion that it is not in a STRONG bearish move. If however, SPX does goes below the kumo, then we have a STRONG BEARISH SIGNAL.

2009Oct-S&P 500-800x600

2009Oct-S&P 500-800x600_Weekly