RGDX Daily Chart ~ A Nice Move Off the December Bo
Post# of 2561
Posted On: 01/19/2014 4:13:04 PM
RGDX Daily Chart ~ A Nice Move Off the December Bottom
Here's another one that I'm not in but a few friends are since the low was established in December at the 1.09-1.15 level. There was only a one day rest at the previous high of 1.37 along with the MA50. The next target was the MA200 in the mid 1.60s which the stock has been fighting over the last five trading days. Should the 200 be taken out, the MA100 is next up and then the closing of the gap just above 2.00 should happen. I also wanted to mentioned something about the so called Death Cross. That's the occurrence of when the MA50 crosses under the MA200. That's the exact opposite of a Golden Cross, when the 50 climbs over the 200. The 50, 100, and 200 moving averages are longer term averages and they are therefore lagging indicators. Should one wait for a Golden Cross or a Death Cross, a good portion of the up or down move should have already occurred. In the case of RGDX, imo the sell signals happened in October when the FullSto and MACDs went south. The buy indicators were established with the basing at the 1.10s and when the FullSto and MACDs crossed to the upside. If you don't understand what I'm talking about there, please feel free to ask. GLTA
Here's another one that I'm not in but a few friends are since the low was established in December at the 1.09-1.15 level. There was only a one day rest at the previous high of 1.37 along with the MA50. The next target was the MA200 in the mid 1.60s which the stock has been fighting over the last five trading days. Should the 200 be taken out, the MA100 is next up and then the closing of the gap just above 2.00 should happen. I also wanted to mentioned something about the so called Death Cross. That's the occurrence of when the MA50 crosses under the MA200. That's the exact opposite of a Golden Cross, when the 50 climbs over the 200. The 50, 100, and 200 moving averages are longer term averages and they are therefore lagging indicators. Should one wait for a Golden Cross or a Death Cross, a good portion of the up or down move should have already occurred. In the case of RGDX, imo the sell signals happened in October when the FullSto and MACDs went south. The buy indicators were established with the basing at the 1.10s and when the FullSto and MACDs crossed to the upside. If you don't understand what I'm talking about there, please feel free to ask. GLTA
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