Shows a nice two day consolidation in an uptrend, that kind of looks like an 'Ascending Triangle'...The SAR price target and upper Bollie Band say 21.00 is possible...It's finding support at the 15SMA...Money Flow is Up, and the OBV and Accumulation are at all time highs...
CCI, RSI, and ADX are neutral...Stochastics are Not Overbought...MACD downticked slightly today...And the Volume was terrible...That also happens at the end of an 'Ascending Triangle' before the breakout with increasing Volume...
The Daily Chart shows 21.50 as the possible upside, though today's 'doji' candlestick may be signaling a reversal tomorrow...It's finding support at the 5SMA...Money Flow is not good, while the OBV and Accumulation are at all time highs...
CCI isn't too high yet...RSI is looking strong...ADX is still above 20...Stochastics show Overbought for three days...MACD upticked slightly today...The Volume was the worst since 2/27/06...Ouch!
If it can take out the resistance levels of 20.74--20.90--20.95--and 20.98 from today...I can see it possibly running on 21.50...
The critical level of support it MUST hold tomorrow to stay "Long" this stock is 20.36...If it fails this level, I may be entering a Short Sale for a few days...I keep you all advised...
Snap Hook: On your chart, I notice Money Flow is bad...It's Overbought...CCI is almost getting 'toppy'...ADX below 20 is a Sell Signal, but the DI's look strong?...Your MACD looks much more Bullish than mine...The Volume is a disaster...RBAK 'usually' pulls back when there's low Volume....It ran from 16.11 to 20.98 in 14 sessions so it's probably time for a 'breather' or a 'pullback'...If it closes below your lower trendline, that won't be good...And, you would think the RSI could've had a bigger move with the pps...
I think it pops up One More Time above the upper Bollie Band tomorrow before it starts a fast and furious Dump!...
Stay tuned...Tomorrow should be another Interesting Day! with RBAK...I believe it will let us know which direction it's going tomorrow or Wednesday...
The BUYOUT Rumor 'mince' mentioning leaves one wondering???...LOL
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