RNWK Tony Trade & ghost on news. 8.48
My Woodies CCI analysis for the day...
RealNetworks.... been watching this for a while, played it from 8.03 ->8.67, daily 14CCI went all the way to +300 and stayed there for 2 days.... above +200 for 2.5 days. Uptrend confirmation didn't show 14CCI at or greater than +100, but given the nature of the move, and the fact that the 14CCI did come from a strong move outside the +100 lines just the day before confirmation, I'm calling it a strong confirmation anyway. Then we consolidate, draw some 14CCI trendlines, and we have a perfect ghost, and a Tony trade too as the dip for the past two weeks never put the 14CCI outside the -100 line.... and within 9 days, we have a TLB from the peak to the last bump, as well as the TLB from the ghost pattern, and then the 14CCI broke to the upside.
Note that this is also a ZLR, and the little famir pattern too for a pseudo-countertrend play. I say pseudo because a negative trend was never really confirmed to my standards. There are something like 3-4 Woodies CCI buy signals all colliding on this one.... something that is pretty rare. Only thing left is for the sidewinder to go green on daily charts... but with the CZ already blue, and the other indicators looking great, and a green sidewinder on the 90 minute chart, it's an early buy, IMO. Still, I'd be really surprised if this one didn't move bigly today.
Only thing that I'm not a big fan about is the fact that it's trading below the 25LSMA, but that's at 8.607, and we're sooooo close, we could easily pop back over it.
Non-woodies stuff:
Volume steadily increasing for 4 days, stochastics, MFI, CMF, RSI, all turning upwards. Sweet.
Yes, I snagged some shares at EOD yesterday. I think the news, the company, and charts are all great, and it's time for this baby to make a move, IMO.
Make up your own minds. I think only for myself.
Nobody says you have to make up your losses in the stock you lost them in to begin with.
Get out of the Yugo, get into the Ferrari.
