REDF Breakdown
By Johns Wu on May 01, 2006
REDF has been seeing some trouble lately, as it has been breaking down from consolidatory supports.
REDF broke down from a support last week, and considering the overall bearishness of the 6-month chart, it may become a short target as it pulls back up to the $20 resistance. Definitely cover if REDF closes above $20.
This entry was posted on Monday, May 1st, 2006 at 5:48 pm and is filed under Annotated Analysis.
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