Redback Networks, Inc. (RBAK)

[PowerPole]

Last weeks, and year end charts for RBAK...

10DAY/HOURLY:
I really like this chart pattern(s)...I see double-bottoms, inverse head and shoulders, and ascending triangles...Bollinger Bands don't show much upside here, but they will stretch up if this stock runs this week...All of the Lower Indicators look very good, except Stochastics show Overbought in this time frame...


3MONTH/DAILY:
The Bollinger Bands are the closest together they've been in 3Months and 14.50 is the potential upside in the near term here...Consolidating nicely...Moving Averages still look great...OBV is still super strong...CMF Money Flow picked up last week...Accumulation is still strong...CCI is looking good...RSI starting to move up again...DMI+ and DMI- diverging...Stochastics moving into the 'PowerZone' with room to move up still...MACD upticking, and the Histogram may break above zero soon...Volume is OK, but for the pps to break above 15.00 again, some much better volume will be needed to do that...Overall, a Very Bullish looking chart...


1YEAR/WEEKLY:
Nice consolidation in an uptrend...The upper Bollinger Band is at just under 16.00 so that's the possible upside...The Moving Averages are in great shape...The lower Indicators from top to bottom show: OBV is very strong...CMF downticked during this consolidation...Accumulation is still very high though...The CCI could bounce up off the upper line...The RSI has been in the 'PowerZone' for 2Months above 70...The ADX is still strong, while the DMI's are converging a bit during the consolidation...Stochastics are not 'too' high, with room to move up still...The MACD Histogram could kiss off the zero line again, or take off up again from here...The Volume is still below average...Overall, this chart is still VERY Bullish...


Good Luck to ALL ;^))