Posted On: 01/19/2014 2:55:48 PM
Post# of 2561
RNA Daily Chart ~ Rising Channel with Horizontal Resistance
Here's another familiar chart pattern that you've seen here many times, a rising bottom and horizontal resistance after a large gap down months before. I am in RNA but at slightly higher prices than Friday's close. The setup here is clear. Should the stock breakout over the two horizontal resistance lines just above, then the closing of the gap will begin. Thursday saw the first attempt to rise above those levels, but the stock couldn't hold the large gains for the day. RNA will be a fun stock to swing. Trade smart. GLTA
Here's another familiar chart pattern that you've seen here many times, a rising bottom and horizontal resistance after a large gap down months before. I am in RNA but at slightly higher prices than Friday's close. The setup here is clear. Should the stock breakout over the two horizontal resistance lines just above, then the closing of the gap will begin. Thursday saw the first attempt to rise above those levels, but the stock couldn't hold the large gains for the day. RNA will be a fun stock to swing. Trade smart. GLTA
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