Tuesday, October 11, 2005 11:19:33 AM
Redback (RBAK)...
I think the bottom has been found, and it may try to take another try at the 11.00+ range here in the near future, as the upper Bollinger Band is around 11.20 ...
Wednesday it set the first low, and Friday it set the second low on the daily chart...It was near the bottom of the Bollinger Bands, and held above the 50day moving average...The 5day MA looks like it wants to cross up through the 15day MA, which is a bullish sign...
The RSI has broken out of resistance...The Stochastics were totally oversold for a number of days, so it should get a good bounce up...The DMI+ kissed nicely off the DMI-...And I'm looking for the MACD to go up through zero if the pps continues to rise...The volume needs to pick up here for this to pick up some steam...The next few days will be interesting to watch...
I think the bottom has been found, and it may try to take another try at the 11.00+ range here in the near future, as the upper Bollinger Band is around 11.20 ...
Wednesday it set the first low, and Friday it set the second low on the daily chart...It was near the bottom of the Bollinger Bands, and held above the 50day moving average...The 5day MA looks like it wants to cross up through the 15day MA, which is a bullish sign...
The RSI has broken out of resistance...The Stochastics were totally oversold for a number of days, so it should get a good bounce up...The DMI+ kissed nicely off the DMI-...And I'm looking for the MACD to go up through zero if the pps continues to rise...The volume needs to pick up here for this to pick up some steam...The next few days will be interesting to watch...
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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