RushNet Inc (RSHN)

[Nfreed31]

not quite sure why he wouldnt look at the large time frame. Blows my mind that he only trades off of price levels. A trader should have multiple tools in his belt and not just that. The pattern it is in is a bull flag, which is a bullish continuation pattern on the larger time frame, the WEEKLY chart, the daily is getting tighter and todays 30 minute price action is clearly showing more bullish continuation. Also the MACD weighted on the daily is curling up indicating a bullish signal. STOCHRSI is also recommending a buy. Here are the charts.

-Weekly chart is in a bull flag as shown here:


-Daily has formed a very strong support at .0032 where it touched it 4 times on the daily and has bounced. Shown below


-30 min chart is a bull flag after todays volume increase from bouncing off of the .0032 support. Shown below



Bull Flags are BULLISH continuation patterns. Therefore this chart is bullish on the 30 minute chart all the way to the WEEKLY chart. Also fundamental signs point bullish as the farm bill, which includes the hemp bill, will be passed very very soon and this will run off that mark my words. It already passed through the senate by a landslide 86-11