hello goosemeister, can't remember wear i got this pick.but i saw your posts in hear to.that weekly 2yr. chart is quite powerful.thats why i like weekly stockastics for help.thanks for your posts!! p.s. rnwk up .41 after hours. hehe ken dw.
Yes, guys, I am still here. I haven't traded in a long time, and, therefore, I haven't been doing much analysis. I've been holding my stocks. But, I do still follow the board when I'm not working, working, and working.
I must say that I am really happy to see RNWK, which I've been following since mid-June (I've posted about RNWK 4 times already), do what I was hoping it would do. This has to be my most satisfying find, as it has taken a while to develop.
Thanks, Ken and board.
Oh... Look at the purty weekly chart. How's that for a weekly Magic Box?
previous posts:
14406:
RNWK - Magic Box setup seems decent, but the Williams doesn't want to make up its mind. The ADX +DI could be better. The MACD is at least going in the right direction. But what gets me about RNWK is that it continually and predictably drops for 1 1/2 to 2 1/2 months and then it spends about the same amount of time climbing back up. There is a lot of support shown in the 2-year chart for a price between about $4.75 and just over $5. Furthermore, in the last two years this stock has gotten to $7 each and every time it has dropped to this level. If you're still on the fence, look at the Full Stoch history. Nothing is certain, but RNWK has a long history of producing 30% gains and more from this level.
14955:
I'll be watching the reaction to the upper Bollinger Band at $5.16. There could be a breakout from the narrow Bollinger Band gap.
15011:
I know that I've posted about RNWK atleast twice now. I just want to iterate something I've just noticed: RNWK does most of its work from 50 to 80 on the weekly Full Stoch. RNWK is now at 50 on the weekly Full Stoch. Please notice, too, the possible Magic Box in the weekly chart. 40% and more from a price just above $5?
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