>What do you think RDRT's fate is tomorrow?< WallStreet Jr.
I checked RDRT. It's hard to tell if it is bottomed out yet. Very very strong floor is at 9-15/16. Long term trend turned up lately with fast MACD passing above slow MACD. Short term stochastics are also up. Today's up move on high volume with a gap are all bullish. Negative about RDRT is that there is too much nearby resistance and it may take a while for it to build some sort of basing pattern.
As to QNTM that puppy broke above 23-1/2 the second time since it started its ascending triangle in December. It should be forcing 27 again soon where it failed this february. Looks like 27 is pretty strong resistance. We'll see. If it hangs out around there too long I'll let it go. Opportunity cost is too high.
As to KEG, I am quite bullish on this one which is riding in a descending triangle, compressing day by day. Bottom line of the triangle is 15-1/4. So if it breaks below that (Which I do not foresee at all with its fundamentals, low P/E, analyst recommendations, business, profitability, growth etc. you got the point) that would mean real trouble. If it breaks above the triangle, which now would be at around 17-1/2, expect it to go 20-22 region real quick. After that??? Himmm, I really think this stock will be a money maker in the long run.
Please do your own research before jumping into these stocks. There may be other deep fundamental problems, an amateur chart reader like myself does not have the means to assess.
Take care. |
