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.
Tag: Reading
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?)… Continue reading RealNetworks Inc (RNWK) : Potential Breakout
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… Continue reading S&P 500 (SPX) : Ichimoku Chart Reading as of Oct 27, 2009