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Brocade Communications Systems, Inc. Message Board

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  • frik4488 frik4488 Mar 16, 2006 6:11 PM Flag

    The nasdaq don't want to go to 2400

    No, it is the reality... Now that the retracement of the $5.90 - $6.00 level has been done, brocade 'll face a big resistance to go through this level of april 2005 (top of june and july 2004 too). If the Nasdaq seesaws again, the next move is moving it to 2200-2250 and excluding the SEC/DOJ news brocade may hardly find fuel to propel its share at the same pace of these recent days. Stochastics shows clearly that brocade is overbought on a short term basis. Rsi is good but near the overbought zone too.

    Big black candlestick today after a big white: "overcast sky". I hope i'm wrong, i'm long too. I'll look at the mood of the whole market tomorrow and I'll eventually put a stop order @ $ 5.69 tomorrow.

    I have bought 3 equal lines @ 4.67 - 5.13 and 5.53.

 
BRCD
11.69-0.38(-3.11%)Apr 17 4:00 PMEDT