Replies to post #11915 on Naz News, Gappers and FLE's

[mcmike]

Scanhits for 111005

3 WHITE SOLDIERS: NTWK QUIK BMRN HURC
IFO CTHR nice today

oversold bouncers: EMRG INOW

resumption scan: WZEN PLLL

bluesky potential: TRAD ZVXI CLZR PWEI QGLY AIRM QDEL ASGN

bullish morning star:

engulfing pattern: EMRG DDIC NXG FNSR ALTI MKTY RBAK CPE PKI
IMGN hit the Panettatriggerscan tonite from it's engulf yesterday..could accelerate

lowpriced flyers (by vol surge today): CNST AIRM AFOP IFO SMDI PAX SOHU PMTR CPHD XING BORL CPTS AOB IDTI QDEL SYNC CBMX SMSI ADPT CCUR ARDI AIRN SEAC

dragonfly doji: PHMD (an up day tomorrow > bullish morning star)

shooting star (end downtrend signal): ARIA GGAL

squeeze potential: INFO

strength stocks: AIRM ITG

tweezer bottoms: VAS RIG CHRS (very interesting...couldn't knock it down the last 2 days and doji today....tomorrow????)

IPO runners: IRBT (got a Cramer pump) SFUN (may run at the expense of SNDK FLSH SSTI LEXR)

[mcmike]

RNAI Fib Study Concordance

don't know if it means squat but very interesting

RunDates		Low	High	38%	50%	63% 
 						 
 7/06-7/26	run	1.60	5.60	3.12	3.60	4.65 
 8/17-9/7	run	3.07	5.32	3.80	4.18	4.44 
 9/29-10/24	retrce	3.12	5.10	3.86	4.10	4.34 
 

RNAI had a nice run in July and has settled into an oscillating horizontal continuation pattern. The retrace from the July high was a near perfect 62% retrace to a now doubly supported support level in the underlined 3.10 area.

The last retrace from late September highs has seen a rise to near perfect fib 38% bounce in the 3.80 area. This area was confirmed as support by tri-tip tweezer bottoms lat in August. A break of this now resistance area should carry the share price to the 4.10-4.18 area.

RSI, stochastics, and the aroon crossover confirm the uptrend. Due your due diligence.This is purely a chart study.