Replies to post #11231 on 123Tom's TA study group

[sab63090]

My observation from your chart....notice that both the RSI and CCI are putting in a strong counter to breakdown (up to this point)....price level on the stock is appx the same as when the stock traded in this low area with multiple attempts to breakdown, so I see this as a positive divergence... 5 prior low hits and 1 more now.

There was a big volume spike on the negative reaction to RETT news, actually a climax followed by 5 additional attempts to break this baby down & one fractional low to 5.75....I guess I have to say the stock does not look exciting but I think we have to acknowledge the prior lows as support, too!

You guys have been in this stock for many years, so you understand its behavior better than I do, so this post is just an observation not a forecast.

[Kentucky123]

Please post a Monthly chart with Bollinger bands.