ORIONS Money Stocks

[livinginstyle]

You could be right about RNN, but the chart is looking quite over bought to me. The ADX (shows trend) is turning down, stochastics are topped and turning down, MACD is topped and turning down and today we had a hanging man candle which is a reversal candle at the top of a run kinda like a hammer is at the bottom of a decline. If this tests and breaks the Fib. .618 at .4001, then it will for sure retest the recent low of .40 cents.

See link for examples of a hanging man candle.

http://www.google.com/search?q=shooting+star+candle&tbm=isch&tbo=u&source=univ&sa=X&ei=pMfEUYy2IabgyQGiu4G4Dg&ved=0CCoQsAQ&biw=975&bih=650#tbm=isch&sa=1&q=hanging+man+candlestick&oq=hanging+man+candlestick&gs_l=img.3..0l2j0i24l4.56147.60637.2.65138.11.11.0.0.0.0.54.493.11.11.0...0.0...1c.1.17.img.nbmSZzXgmiI&bav=on.2,or.r_qf.&bvm=bv.48293060,d.aWc&fp=dc85b731d1cfd52d&biw=975&bih=650

http://stockcharts.com/h-sc/ui?s=RNN&p=D&b=5&g=0&id=p74470249104