stockwatcher12
09-25-2009, 04:37 PM
Today is the first day that the stocks candlestick re-entered the Bollinger Bands, which is a good sign since it could have been over bought....up until today.
Once this milestone happened, I witnessed steady buying pressure. Hence, I believe many technical chartists saw this and jumped on the possibility that with a solid day tomorrow the RBTI could cruise to higher levels.
52-Week High is just within reach and if it breaks that point RBTI could make a nice move upwards with resistance levels at .20, .22, .30 and .40.
Watch RBTI trade as the symbol is poised to break through that point and trade higher.
Once this milestone happened, I witnessed steady buying pressure. Hence, I believe many technical chartists saw this and jumped on the possibility that with a solid day tomorrow the RBTI could cruise to higher levels.
52-Week High is just within reach and if it breaks that point RBTI could make a nice move upwards with resistance levels at .20, .22, .30 and .40.
Watch RBTI trade as the symbol is poised to break through that point and trade higher.