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Re: None

Monday, 12/19/2005 9:22:11 AM

Monday, December 19, 2005 9:22:11 AM

Post# of 1081
RBAK Chart: Nice Consolidation in an UPtrend...

It remains to hold the 15DMA as support on a closing basis...
The chart pattern in this consolidation is becoming a double-bottom...The OBV is 'Strong'...CMF Money Flow is down, but Accumulation is still holding up well...The CCI and RSI are upticking...The DMI+ and DMI- are diverging...Stochastics are finding support at 50...The MACD isn't looking that great...And the Volume is diminishing this month...Overall, I remain Bullish on this stock, especially after Friday's 'NEWS'-see my previous post...A close below 13.89 will show a break of the current bullish chart pattern...A close above 14.38 will confirm the double-bottom breakout...Good Luck!






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