Monday, December 26, 2005 12:08:16 PM
RBAK Charts for Last Week, and a 'Prediction'...
2Month/Daily:
The Chart Pattern since 12/05 is a Consolidation in an Uptrend, forming a 'Bull Flag' with Lower Lows/Lower Highs...It touched the Lower Bollinger Band Friday, and bounced up nicely off of it...Friday would have been a Good entry for a Swing Trade near the LOD...Friday's candlestick is big and green and closed near the HOD, so I would expect it to move towards the Upper BB which is at 14.50 next week...The OBV is Strong, CMF Money Flow is down, but the A/D Line is still Strong...The CCI bounced up off the lower line...The RSI is showing Strength again...The DMI+ and DMI- are diverging...Stochastics hit the bottom, and formed a double-bottom and broke out with the fast line crossing up through the slow line...The MACD Histogram upticked Friday...The Volume is Average...
6Month/Weekly:
Last weeks candlestick is a 'doji' and the closing weekly prices for the last nine weeks have held above the 5WMA...The last three weeks show a Consolidation in an Uptrend forming a 'Bull Flag'...The Upper BB sits at 15.00 which is the possible upside here...The OBV is still Strong...CMF Money Flow downticked last week, but Accumulation upticked...The CCI could bounce up off the upper line soon...The RSI is still in the 'Power Zone' above 70 with room to move back up again...The DMI's are converging a bit...Stochastics are not too Overbought now...The MACD Histogram downticked last week...And the Volume is diminishing, as it should nearing the end of this Consolidation...
Overall, I'm still Bullish on this stock, and I believe RBAK will try to take another run at 15.00 and beyond here in the near future...With all the Great News it has received lately, I think RBAK will have a Very Good Year in 2006...GOOD LUCK TO ALL! ;^)
2Month/Daily:
The Chart Pattern since 12/05 is a Consolidation in an Uptrend, forming a 'Bull Flag' with Lower Lows/Lower Highs...It touched the Lower Bollinger Band Friday, and bounced up nicely off of it...Friday would have been a Good entry for a Swing Trade near the LOD...Friday's candlestick is big and green and closed near the HOD, so I would expect it to move towards the Upper BB which is at 14.50 next week...The OBV is Strong, CMF Money Flow is down, but the A/D Line is still Strong...The CCI bounced up off the lower line...The RSI is showing Strength again...The DMI+ and DMI- are diverging...Stochastics hit the bottom, and formed a double-bottom and broke out with the fast line crossing up through the slow line...The MACD Histogram upticked Friday...The Volume is Average...
6Month/Weekly:
Last weeks candlestick is a 'doji' and the closing weekly prices for the last nine weeks have held above the 5WMA...The last three weeks show a Consolidation in an Uptrend forming a 'Bull Flag'...The Upper BB sits at 15.00 which is the possible upside here...The OBV is still Strong...CMF Money Flow downticked last week, but Accumulation upticked...The CCI could bounce up off the upper line soon...The RSI is still in the 'Power Zone' above 70 with room to move back up again...The DMI's are converging a bit...Stochastics are not too Overbought now...The MACD Histogram downticked last week...And the Volume is diminishing, as it should nearing the end of this Consolidation...
Overall, I'm still Bullish on this stock, and I believe RBAK will try to take another run at 15.00 and beyond here in the near future...With all the Great News it has received lately, I think RBAK will have a Very Good Year in 2006...GOOD LUCK TO ALL! ;^)
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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