Tag: Technology

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Tech

$BBRY : Blackberry trading at Ichimoku support

 

$BBRY at kumo support
$BBRY at kumo support

 

$BBRY falls with the rest of the market. It is currently trading just at the kumo support.

The kumo is thin; suggesting support is weak.

If it breaks, we are targeting a price below $13 around $12.50 as first support.

Categories
Tech

$RIMM . Watch the Support.

Apart from $GMCR , $RIMM is my next favourite stock for the year.

Here, we see $RIMM trading near the Chikou Span support level.

With hardly any new products, and a CEO still trying to find its way, there is a high chance that the earnings will be bad, inventory high and expenses need to be curb.

Categories
Consumer Goods Tech

$GRPN . There was never a chance.

For $GRPN, there was never a chance for them to be bullish.

Just look at the Ichimoku chart for Groupon. The price level was trading below the kumo most of the time. There was only a small peek in Feb above the kumo and it fell very quickly breaking through various support and even gap down before April.

After which, it was just a ride down. Today, less than $6.