Sunday, November 06, 2005 6:13:22 PM
RBAK just had it's Biggest Week in the last YEAR!
It had one good PR last week, but that alone shouldn't have made it run so hard IMO...
http://biz.yahoo.com/bw/051101/15288.html?.v=1
Here's a 1Year/Weekly Chart:
With it opening at the low of the week at 10.01
Closing the week at 11.92 which was only .13 off the high of 12.05...Look at the size of that big Green candlestick! That usually suggests that there is still more upside to this stock next week. It closed the week at the top Bollinger Band...The RSI has just crossed into the PowerZone above 70...Stochastics are nearing Overbought...The DMI+ could cross up through the ADX...The MACD Histogram Kissed perfectly up off the zero line last week...And LOOK AT THAT VOLUME!!! Last weeks Volume was 13,330,800 which was by FAR the biggest volume in the last Year!
2Month/Daily:
It gapped up at the open two days last week on the 2nd and the 4th...The Shooting Star candlestick it formed on the 3rd suggested to me that it would pull back the next day because of the low volume that day...Surprise!...It didn't...Look at how far it closed outside the upper Bollinger Band Friday...That would suggest it needs to pull back, or run sideways until it gets back within it, BUT, the almost solid green candlestick Friday suggests it may still have some upside...Very confusing signals it has been giving lately...The RSI is almost to a level where it should go down...Stochastics have been overbought for five days suggesting the same thing...The DMI+ is reaching a point where it should also retreat...Look at that perfect MACD Crossover that occured on 10/24/05 which is a definite 'Buy' signal in my book...All I can say is, it's going to be a very interesting week to watch what it does NEXT!
10Day/Hourly:
It closed inside the upper Bollinger Band, and could set a new 52 week high Monday morning seeing where it is at...It does have 2 gaps up at the open...The question is: will it go down to fill them? It looks like the 15DMA has been a support level on this run...
It had one good PR last week, but that alone shouldn't have made it run so hard IMO...
http://biz.yahoo.com/bw/051101/15288.html?.v=1
Here's a 1Year/Weekly Chart:
With it opening at the low of the week at 10.01
Closing the week at 11.92 which was only .13 off the high of 12.05...Look at the size of that big Green candlestick! That usually suggests that there is still more upside to this stock next week. It closed the week at the top Bollinger Band...The RSI has just crossed into the PowerZone above 70...Stochastics are nearing Overbought...The DMI+ could cross up through the ADX...The MACD Histogram Kissed perfectly up off the zero line last week...And LOOK AT THAT VOLUME!!! Last weeks Volume was 13,330,800 which was by FAR the biggest volume in the last Year!
2Month/Daily:
It gapped up at the open two days last week on the 2nd and the 4th...The Shooting Star candlestick it formed on the 3rd suggested to me that it would pull back the next day because of the low volume that day...Surprise!...It didn't...Look at how far it closed outside the upper Bollinger Band Friday...That would suggest it needs to pull back, or run sideways until it gets back within it, BUT, the almost solid green candlestick Friday suggests it may still have some upside...Very confusing signals it has been giving lately...The RSI is almost to a level where it should go down...Stochastics have been overbought for five days suggesting the same thing...The DMI+ is reaching a point where it should also retreat...Look at that perfect MACD Crossover that occured on 10/24/05 which is a definite 'Buy' signal in my book...All I can say is, it's going to be a very interesting week to watch what it does NEXT!
10Day/Hourly:
It closed inside the upper Bollinger Band, and could set a new 52 week high Monday morning seeing where it is at...It does have 2 gaps up at the open...The question is: will it go down to fill them? It looks like the 15DMA has been a support level on this run...
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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