Posted On: 01/20/2014 10:59:23 AM
Post# of 2559
Cinfuax,
Link back to my previous chart on PGDX: http://investorshangout.com/post/1163674/RDGX-Daily-Chart-Big-Break-Above-the-MA50-and-Hori
You'll find that the stock is doing what I was looking for, a move higher and an attempt to break above the MA200 and MA100. The first try was last Monday when RDGX touched the MA200 before pulling back. Thursday and Friday saw two more days of trading at and just above the 200. Although I know zero about the company, the chart is suggesting that the stock is going higher. A break above these two moving averages, and I think the small gap from 1.95 to 2.02 is going to be filled. Should that happen, then the previous highs, beginning with 2.22, can be seen on the chart. Those will be your horizontal resistance lines which the stock will be targeting next. The MACDs have plenty of room to move higher also, so things aren't near being overheated yet. GLTA
Link back to my previous chart on PGDX: http://investorshangout.com/post/1163674/RDGX-Daily-Chart-Big-Break-Above-the-MA50-and-Hori
You'll find that the stock is doing what I was looking for, a move higher and an attempt to break above the MA200 and MA100. The first try was last Monday when RDGX touched the MA200 before pulling back. Thursday and Friday saw two more days of trading at and just above the 200. Although I know zero about the company, the chart is suggesting that the stock is going higher. A break above these two moving averages, and I think the small gap from 1.95 to 2.02 is going to be filled. Should that happen, then the previous highs, beginning with 2.22, can be seen on the chart. Those will be your horizontal resistance lines which the stock will be targeting next. The MACDs have plenty of room to move higher also, so things aren't near being overheated yet. GLTA
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