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Wednesday, May 09, 2007 

Gateway down again !!!!

Chart courtesy of stockcharts

Gateway shares were down more than 7% or 0.15$ to 1.92$ after the company reported a net losses of $8.6 million, or 2 cents per share, from $12.3 million, or 3 cents per share, during the same period a year ago, revenue fell 6 percent to $1.01 billion from $1.08 billion but still topped analysts' $983.6 million consensus estimate. Looking at the chart stock still trading in a downtrend with the major support at 1.88$ as show the chart. RSI is in oversold conditions, which could pressure some buyers to close their short positions. Keep an eye on GTW for a possible recovery from here.

Chart courtesy of stockcharts

GIGM stock breakout today the ascending triangle formation. The technical chart show that stock breakout today an important resistance at 15.41$ , it's seems to me that the way is Up for this baby again. MACD gained momentum again K line crossover D. Stock is in a Bullish Market.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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