Monday, October 31, 2005 10:54:37 AM
RBAK is trying to break out UP today...
2Month/Daily Chart:
Today, it broke above the intra-day resistance levels of 10.30 and 10.32 it had on Monday and Wednesday of last week...Next resistance is 10.50 and 10.57 The chart pattern is an inverse head and shoulders, that should yield up to very close to the 52Week High of 11.47 when it breaks above 10.57 though it will take some time IMO...
Nice big green candle so far today, nearing the upper BBand which is turning up, the RSI is turning up, Stochastics show nearing overbought, the DI+ is upticking, the MACD is moving up too, and it's too early in the day to see how today's Volume will turn out, though with over 200K shares traded in the first hour and fifteen minutes, it's on the way to an above average volume day.
10Day/Hourly Chart:
Nice consolidation in an uptrend...It is above the upper BBand,
The RSI is moving up into the 'Power Zone', The Stochastics show Overbought, The DI+ is charging up, and the MACD had a nice crossover above zero a few days ago, and the Volume is improving today...
2Month/Daily Chart:
Today, it broke above the intra-day resistance levels of 10.30 and 10.32 it had on Monday and Wednesday of last week...Next resistance is 10.50 and 10.57 The chart pattern is an inverse head and shoulders, that should yield up to very close to the 52Week High of 11.47 when it breaks above 10.57 though it will take some time IMO...
Nice big green candle so far today, nearing the upper BBand which is turning up, the RSI is turning up, Stochastics show nearing overbought, the DI+ is upticking, the MACD is moving up too, and it's too early in the day to see how today's Volume will turn out, though with over 200K shares traded in the first hour and fifteen minutes, it's on the way to an above average volume day.
10Day/Hourly Chart:
Nice consolidation in an uptrend...It is above the upper BBand,
The RSI is moving up into the 'Power Zone', The Stochastics show Overbought, The DI+ is charging up, and the MACD had a nice crossover above zero a few days ago, and the Volume is improving today...
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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