$RIMM : Rally has failed. Price below kumo

RIMM counter rally has fail. It never make it to break out of the kumo resistance. With yesterday’s earnings, RIMM has gap down. And on the Ichimoku chart, we have a very strong confirmation of a bearish move. The price is below the kumo now confirming that the bear trend is back. We can also… Continue reading $RIMM : Rally has failed. Price below kumo

iShares Silver Trust (NYSE:SLV) : Took profit. Expect consolidation

  Decide to close off my SLV position. It has rise up a lot in a fairly short timeframe and I think it is best to take some money off the table. At this moment, there is nothing on the Ichimoku chart that is suggesting that the trend will change. The leading kumo seems to… Continue reading iShares Silver Trust (NYSE:SLV) : Took profit. Expect consolidation

Tibco Software Inc (TIBX): Time to take profit

  Tibco Software (TIBX) is among the ‘longest’ stock that I have held. Currently, TIBX is trading at around $24. On the Ichimoky Daily Chart, we can see that 1. The Chikou Span may pierce through the price level. While this has not happen yet, and there is a chance it will bounce off the… Continue reading Tibco Software Inc (TIBX): Time to take profit