Your analysis of RBAK is right on the money IMO...
You got a good entry, and I also think it will trend higher in the near future...I'm glad you like this stock too...
The chart I would like it to form here would be a weird looking inverse head and shoulders, that needs to keep the second shoulder above 9.52 (the first shoulder), and has a double-bottom for a head...and yes, when it breaks above 10.50 and 10.57 there's a real good chance of breaking out to new highs above 11.47 For now, the chart needs to build a nice cup shaped second shoulder, and then run at 10.57 with some Momo...
We are still Long in this stock, and will be patiently waiting for Q4 numbers in early 2006 which I think will be much improved over Q3 Earnings...
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