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.
Rob Glaser steps down as CEO of REALNetworks.
Having said that, here some interesting notes on REALNetworks. (RNWK).
Key possible growth includes:
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.
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.
