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Post# of 194417
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undtrdr

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undtrdr

Re: undtrdr post# 58989

Thursday, 06/01/2017 11:49:40 PM

Thursday, June 01, 2017 11:49:40 PM

Post# of 194417
Interesting to note the WEEKLY CHART 100 Week MA is also serving as a noble resistance but here too the incoming bear cross of the 50 Week MA below it will likely takeover to become the future guide.
On the Weekly I mainly use the rejection of the middle bollinger band as my confirmation to stay short
All momentum indicators pointing down.
The .017 support has been tickled too many times now giving fair warning to longs ...a close below will trigger the imminent capitulation
Not many established supports after .017 makes this a great R/R SHORT
Churn baby CHURN!

http://stockcharts.com/h-sc/ui?s=RXMD&p=W&yr=2&mn=0&dy=0&id=p60505553033

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