Posted On: 01/19/2014 3:46:00 PM
Post# of 2561
RPRX Daily Chart ~ Another Good Week Since the Breakout
RPRX has moved up a little more since my last post (link back). Can you see that rising channel and horizontal resistance line formation after a gap down prior to the breakout in the mid 19.00s? It's a pattern that repeats itself over and over in many stocks that were taken down. Get to recognize it and follow it. A lot of money can be made with patience and discipline. As to the chart, please note that the FullSto has been in overbought territory for weeks while the MACDs have barely moved up since early December, yet the share price has risen nicely since from the 16.00s to almost 22.00. Use all the indicators for your trading decisions and don't really on just one. The gap on the chart from almost 24.00 to the mid 19.00s is well underway of being filled. I'm not in RPRX but a few friends are so I'll continue posting on it as long as there's some interest. GLTA
RPRX has moved up a little more since my last post (link back). Can you see that rising channel and horizontal resistance line formation after a gap down prior to the breakout in the mid 19.00s? It's a pattern that repeats itself over and over in many stocks that were taken down. Get to recognize it and follow it. A lot of money can be made with patience and discipline. As to the chart, please note that the FullSto has been in overbought territory for weeks while the MACDs have barely moved up since early December, yet the share price has risen nicely since from the 16.00s to almost 22.00. Use all the indicators for your trading decisions and don't really on just one. The gap on the chart from almost 24.00 to the mid 19.00s is well underway of being filled. I'm not in RPRX but a few friends are so I'll continue posting on it as long as there's some interest. GLTA
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