This is the kind of stock that I like to find. A confirmed eve and eve double top. MACD has crossed downward. OBV has flatlined. I expect a throwback in the coming week or two. However the over all trend is down. There is a zone of resistance between $13-$15. I would look to take profits around there. If the stock pushes thru the zone I would re-enter with a...
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Been in and out of this stock for about a year. Hard to tell if its hitting its bottom. Great company but with Oil price uncertianty and issues in the middle east its best to stay on the sidelines till it dips further.
RDC is in a huge, or better huuuuhuuuuggeeee, downtrend. a couple weeks back, I already had an good idea with it and even got a good amount of profits out of this one. I thought we were at the bottom at this time, but now I see, we are only continuing the downtrend.
On the daily chart there is a small green candle already, if I can see one on the 4H chart later,...
As we see, price formed a high (left shoulder)
The correction was pretty tough, went back nearly all the way (first weak signal that SHS might be forming)
the next high could not get much higher (head)
the correction was very tough again and went back to the level of the former correction,
The next high (right shoulder) could not go higher than the second (head),...
As I mentioned a couple weeks ago, RDC is more for longtime investors.
BUT: I've traded it a few times allready, and had some big swings and huge profits with it. So here I tell you again, it is a buy!
At the point where we stand right now, a correction has happened, and price should rise again for a couple bars.
If you decide to go long here, I advise regular...
We look at the 1 week chart here. As we can see, we have a very strong support here, last broken in 1998 . If we look at it as a longterm channel, price will keep rising for a few more weeks / months.
Always keep in mind, the past is no indicator for the future. If you enter, I would tell you to take a very small bet in the beginning and raise it as price goes...