REDF Ascending Triangle
By Johns Wu on Dec 16, 2005
REDF is a hot stock. Look at those gains, and look how it never fell below the 50 DMA. Demand for this stock is high, and it has just broken out of an ascending triangle setup.
REDF is retesting the triangle. If you’ve been looking for an entry point in this stock, now is the time. Keep a stop below $20 though. If not $20, then below $18 for sure. If I’m awake when the markets are open, I might buy a small position (it’s finals week and my sleep cycle is messed up).
This entry was posted on Friday, December 16th, 2005 at 3:07 am and is filed under Annotated Analysis.
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2 Responses to “REDF Ascending Triangle”
By TRADER on December 16th, 2005 at 9:21 am
do u c the same ascending triangle in WPCS
i just saw it happening yday
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IBD gives REDF an A rating.