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Thursday, March 29, 2012 2:06:07 PM
** $RFMK ** Weekly Chart Annotated
My daily chart is buried somewhere on this MB, but nonetheless I had marked .005 as the breakout point, and with a symmetrical triangle formed (which is easier to see on the daily) we're ready for a continuation move upward with a price target well in the mid dime range for short term. Several other indicators are also on the chart that I use. The only negative thing I see is that mm LAFC on the ask means the company has to be pushing the stock price down on purpose, potentially for the major news release several are expecting. This particular theory is reflected in the A/D and OBV on the chart.
But imo, we got a breakout run that's imminent
My daily chart is buried somewhere on this MB, but nonetheless I had marked .005 as the breakout point, and with a symmetrical triangle formed (which is easier to see on the daily) we're ready for a continuation move upward with a price target well in the mid dime range for short term. Several other indicators are also on the chart that I use. The only negative thing I see is that mm LAFC on the ask means the company has to be pushing the stock price down on purpose, potentially for the major news release several are expecting. This particular theory is reflected in the A/D and OBV on the chart.
But imo, we got a breakout run that's imminent
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