Prior analysis of Brocade led to a small upward move towards its near term target 6.31 shown in this chart. The stock has underperformed its expectations so far. Even as it broke higher out of the prior correction, it only…
Brocade Following Trend
Brocade is up 3% so far today. In early January 2011 a Brocade chart was marked up with price projections and analysis for an Elliott Wave count beginning off the 4.64 low on 8/24/10, but specifically continuing off the 4.86…
Brocade Trading The Trend
Mid December 2010, BRCD was highlighted in a trading concepts post to try to identify the trend that seemed to be beginning off the 4.64 low on 8/24/10. The analysis showed that the internal wave 1 of parent wave 5…
Brocade Communications Systems Inc. Latest Trend
In December of 2009 a trading signal was issued on BRCD which was to take advantage of the short uptrend of the B wave of an ABC correction. The initial profit level was met for a gain of 7%, however…
Trade Signal BRCD_120409
Buy trading signal triggered on BRCD on December 04, 2009**. BRCD- Buy signal triggered on BRCD on December 04, 2009* Trading signal for 15 minute price bars Buy price: $7.00 Sell stop price: $6.78 LEVEL HIT – January 29, 2010…
BRCD – Brocade To Trade Higher…For Now
BRCD traded down to the 7.00 level today. This is very close to its 38% Fibonacci retracement off the March lows. It did this with large volume and could be ready for rebound, although the shorter trading time frames show…