Irrationally mad decision making to obtain the American Dream.

INP ETF Fund & ERIC Technical Analysis

India has been growing as an emerging country and starting to put in place the technology that will turn it around. Broadband internet is being placed throughout India. Wi-Fi cafes are becoming a hit and if the country does anything right we should see continued movement upwards in this ETF fund INP. A specific wi-fi company in India is SIFY.

INP Weekly Chart

INP week stock chart

INP Daily Chart

INP daily stock chart
________________________________________________________________________
2/23/07 Recent INP has broken through it support level around $53 and trades a little over $51.
All charts show it going down further until the downtrend is broken.

Another stock riding the internet technology wave is Ericsson Co. a telecommunications backbone company that provides 3G wi-fi services and networks. It’s earnings is April 24, 2007 and it has a solid trend up. It also has a low PEG score of 1.38, 13 Fwd earnings, expecting a surprise with increased earnings guidance.

ERIC Daily Chart

ERIC daily stock chart

ERIC 233 Minute Chart

ERIC 233 minute stock chart

It seems technology hasn’t been fully bought expecially telecommunication stocks. I believe this tech sector will gain the most this year just because for its growning need for this type of technology, positive news, analysis are buying it, the big players are putting their funds into it, and wi-fi/wireless/cellphones are the biggest trend right now. SIFY, ERIC, and ANAD seem like great plays. I don’t see any trades on any of the ANAD charts currently. It just received an upgrade and its speculative if the stock will show a profit this earnings. A big investment firm believes in it and it is a major player in the 3G and wireless technologies. Most of these stocks or competitors with these stocks offer leap year options for 2008 and 2009. I’m definitely considering just buying 10 contracts for 1 or 2 of these companies and not trading for the rest of the year. If companies are regular purchasing into the companies the stock should continue to trade higher, get upgrades, and the way the trend is setting the place for a wi-fi life profits should follow.

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2 responses

  1. Most of these stocks or competitors with these stocks offer leap year options for 2008 and 2009.

    November 7, 2009 at 11:41 pm

    • yeah and? do you want to finish your point?

      November 18, 2009 at 3:33 am

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