as they have for CIEN ZHNE AFOP based on rising orders. Tech cannot stay down forever companies industries consumers must eventually modernize.
They tried on others like JDSU FNSR whose trade range widened but buyers came in to hold support.
Someone trying to paint the tape in a negative way.
The following is from Seeking Alpha news summary of Intel company report:
Intel also said that the enterprise PC market has strengthened and appears to have bottomed out.
Notice how facts were posted until a couple weeks ago the press tried to sensationalize MU's runup (ignoring their 2011-2013 50% drop).
That drew hypesters trying to scare people hoping to buy this on a dip.
Long-term investors in tech cycles know the global economy rise, corporate case 5x-10x typical, corporate record profits, pc installed base aging (600million), rising DRAM prices, fab undercapacity, and Micron die shrink and fty% yield leadership.
The growth gactors for Micron far overwhelm volatility.
long time many minutes or hours at one cent spread between buyer seller. this shows funds are fighting over this as push pull. probably a seller who needs cash for something else.
when the funds stop fighting this will by market forces resolve to the upside. AMD beat estimates and RAISED GUIDANCE so the result is upward movement (not downward)
Sentiment: Strong Buy
Balance of Power (an Institutional Buying Indicator) has been rising on the 1min chart since 2:32 and in the past 4 minutes has gone positive for the first time since yesterday.
Substantive facts win out every time over name-calling insulting swearing.
Truth seekers, those who do their homework, study the 30 minute chart and see what happened the past 4 months when RSI dips to this oversold level.
in recent days it's fashionable to sell high growth companies and buy industrials. sentiment of the moment is to sell they think the market near 2month top so have begun to pull back growth indices, some like INDS-X already corrected by 1/2 of recent pull backs.
When they get over the must sell whatever, they will realize Alliance is reported revenue growth of almost 100% and the stock was since pounded down by over 30%. Get used to volatility even when you are doing everything right it's a bumpy ride because of the nervous never-been-in-an-upturn market traders and MMs.
This is us experience reverberations from the education of newbies that the default condition for markets is (not down) but up. And represents concerns for a genuine risk question: can Washington really get things done and manage debt in a mature successful way that gives everyone more confidence and lets markets do what they do best.
Alliance Fiber daily chart of volume bars and price shows the highest volume spikes are bullish. Examples are Oct 25, Sept 18, Aug 23, July 24. Bearish days are low volume.
As result the Volume Weighted at Price (VWAP support-resistance bar) is longest, indicating the range where the most trading volume happens, is between $17.54-$22.27.
RSI bottomed Nov7 and crossed up through 5 day moving average on Nov 11 two days ago.
MACD Histogram indicator 12 26 8 is still negative but rising the past 5 days as it id early Aug, mid Oct.
These stocks are rising with higher targets issued by analysts based on rising orders. (Cisco old line business is cramped by China govt anti-US big companies shipments which also limits IBM).
ZHNE and JNPR rising on the news. Aliiance Fiber will follow after this near term washout.
Higher volume bar with price a bit higher than yesterday will be confirmatory signal it can go higher. Looking at the 4 Hr chart yu can see two good bars already.
Today' volume and price finish can signal if this continues a leg up. On the other hand if it's a one hit wonder like Oct 18 then ths stabiizes a month or until fundy's or new analyst coverage raises the outlook as a catalyst.
Analysts usually iniiate coverage on $5+ stocks and mutual funds do step in buying growth companies with pices $5 or better so this may be attracting financial analyts and money manager buyers looking for growth.
Big block the first minute is pros trying to manipulate down & emotional amateurs.
Real pros scale in pieces and don't act on the open. Rising business revenue orders and initiated coverage with $8 target suggests someone attempting to create churn.
Daytraders whipsawed each other....On the 10min chart RSI was 71 nearly all day which is strong.
Late day the RSI overcorrected to oversold low of 14 the final ten minutes.