RXII closed up on $2.58 on Friday with AH at $2.60 the hammer candle stick was seen on Thursday indicating a possible new UPTREND reversal after a continued down trend.
Currently still closing under the 50 moving average which is currently at $3.10 however as you can see with the new up trend it closed over its 10 day moving average of $2.35. This can indicate that the new trend is still being establish and will look for a continuation on this stock.
Friday did see a volume surge of buyers which can indicate new buying action for this stock.
The price key points for support and resistance are
Support/Entry $1.93/$2.16/$2.31 Pivot at $2.55/$2.87/$3.17/$3.49.
For me personally I would like to see ADX increase over 25, it is currently over 13 with DMI+ over 26 and DMI- over 19.
For entry I am looking to enter when the stock is able to close over $3.1 to ensure continuation of the uptrend.
Currently still closing under the 50 moving average which is currently at $3.10 however as you can see with the new up trend it closed over its 10 day moving average of $2.35. This can indicate that the new trend is still being establish and will look for a continuation on this stock.
Friday did see a volume surge of buyers which can indicate new buying action for this stock.
The price key points for support and resistance are
Support/Entry $1.93/$2.16/$2.31 Pivot at $2.55/$2.87/$3.17/$3.49.
For me personally I would like to see ADX increase over 25, it is currently over 13 with DMI+ over 26 and DMI- over 19.
For entry I am looking to enter when the stock is able to close over $3.1 to ensure continuation of the uptrend.