AI
Thursday, September 15, 2005 8:56:46 AM
RBAK...How much higher can she fly???
The RSI and Stochastics are top heavy (but I usually toss these two indicators out when looking at a Runaway Train), and it's outside the upper BollieBand on the last 2 charts, but look at the big green candles closing very near the top, and super high volume on all three charts...Sometimes, a day when the daily volume exceeds 5X the ten day average volume, that could be a top, but yesterdays candle closed near the top, and is not a doji, shooting star, or hanging man...So, this one may still have some legs again today...Look at the Weekly chart...It's about to break out resistance at 11.25 If it pulls back, it should hold 10.50, so that could be a good entry on a Swing Trade...Comments anyone?
Good Luck To ALL ;^)
The RSI and Stochastics are top heavy (but I usually toss these two indicators out when looking at a Runaway Train), and it's outside the upper BollieBand on the last 2 charts, but look at the big green candles closing very near the top, and super high volume on all three charts...Sometimes, a day when the daily volume exceeds 5X the ten day average volume, that could be a top, but yesterdays candle closed near the top, and is not a doji, shooting star, or hanging man...So, this one may still have some legs again today...Look at the Weekly chart...It's about to break out resistance at 11.25 If it pulls back, it should hold 10.50, so that could be a good entry on a Swing Trade...Comments anyone?
Good Luck To ALL ;^)
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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