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Wednesday, October 27, 2010

FFIV

Well, it looks like the "cloud computing" hype is going to come back with a vengeance. This is one of th stocks that held up best during the recent collapse of that group, but got a huge boost with earnings today. I noted that the middle breakout point is not exactly in between the lower breakout point ant the ultimate high (before today), so I put a fibonacci grid on it and, although it probably doesn't mean much, when it initially broke out of the fibonacci range, it quickly collapsed back, and the subsequent little base it built fit in nicley with the retracement levels. Again, that probably doesn't mean much, but then again, it might.

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