Clear double bottom showing. First late Oct after Bear article published and 2nd today on offering announced. Couple other indicators here showing reversal is very close at hand. Earnings due in a couple weeks, If earnings are a hit this really has room to run.
A day where a technical peak causes the ticker to decline, combined with mediocre news out of an important state, RGSE took a haircut, but then showed a lot of support. Volume and price both spiking end of day makes me think this was a easy short and covering end of day leads me to think tomorrow will either be flat or a quick reversal. The channel traded...
Can I draw or what? This was exactly as I had anticipated. Now the Question is...What's next? I'm thinking we see a bull pennant form off the side of the 10/15 run, which is the top 1/3 of the three day run, which should trigger another larger move early to mid week next week. Of course there is always the possibility that we go greed red green and Monday she...
Breaching 1.30 will be key tomorrow. So I was a little delayed, but still going the right way.
Follow the green line to profits next week!!
As expected the price is dropping to the lower channel for a Monday Bounce.
The 50 SMA weakening begins next week and continues thru the period where an earnings run may begin. The 50 flattens out as the highs from the Q2 Earnings run fall off, and the recent uptrend comes on, giving the best possible chance to breach it and maintain before upward pressure mounts coming up off the lows of August 24th.
Lot's going on here. Uptrend Elliot wave, stepping up, consolidate and repeat. Here I've listed today as the end of the third leg or second correction however if we continue sideways, a pennant completes on Monday the 28th (4a). Elliot wave theory states that, "If Wave 2 is sideways, Wave 4 will be sharp." Here we see wave 4 was a much sharper correction than...
Clear Uptrend established, tomorrow will either fall below current trend channel, or close right under the 50 Day moving average creating a major setup with indicators eased for a run past the 50 on Monday. Friday 9/18 : Open 1.38 to maintain current trend line, High 1.55, Low 1.28. Close right under the 50 DMA at 1.40.
The RGSE chart shows a clear double bottom in recent weeks, then an all time record volume confirming trend reversal. Pennant flag has completed, bullish run should continue. RGSE news shows investor conference on September 9,10, chart will show solid reversal confirmed by that date.
Easily overlooked at a glance, the day after the RS there was a spike in price, creating the cup. Note the huge volume on the formation of the handle, confirming the trend reversal from the long downtrend to a new uptrend. Volume cup confirms formation.
Large volume show interest from 2.5-5, then again from 3.72-4.75. Next run could be mind boggling...
Chart Shows "Cell" updates do not move the ticker
Chart shows clear relationship between acquisition #1, #2, and whatever the next big move that is imminent... I didn't realize I couldn't edit once published, I wanted to add today's news regarding the Revenue forecast on the last day on the chart on top of the "Tomco" announcement... FY15 Forecast 100% increase Rev's 40-45 mil...Positive Ebita, Continuation of...