Alex_Quiroga

Twin (#1 RDWR)

Long
NASDAQ:RDWR   Radware Ltd
I find two companies that the charts looks very similar for these reason I called twins and they are listed in the same Industry.
The first is (RDWR) Radware Ltd. Industry: Technology. Sector: Information Technology Services. Friday Closing Price 02/09/2018 (20.86 USD)
What I want to emphasize about this idea are two key candlesticks .
The first is the big green weekly candlestick that broke the past resistance level in the 18.00 area some months ago, look the red arrow
The second is the (Long lower shadow) of the last weekly candlestick that was product of one of the worst weeks for the Dow Jones, falling in a week 1,175 points
Together these two candlestick show how strong is this stock now and the intentions that it has to break the next resistance level located around 20.90 area
End.

Comment: Sector: Technology
Industry: Information Technology Services
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide.
http://www.morningstar.com/stocks/xnas/r...