Should start seeing some short covering and buying.
We have a triple top working. 3.50 is the number.
I bought some more but do not trust the volume on the move up. I guess with a thinly highly shorted stock tutes will accumulate over time. Someone is trying to hold the price at these levels. Lets see how we close.
cup and handle formation complete. next move is a break above 3.50 with good volume.
Yep, it does, here is a chart showing the formation, ready to bust the handle....http://stockcharts.com/h-sc/ui?s=RDN&p=D&yr=0&mn=8&dy=0&id=p49002443063&a=256695903&listNum=1
I agree. W formation on the one year daily. close to breaking out.
The only thing lacking today is volume....need twice this amount. 3.50 big resistance area.