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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: MJ who wrote (8170)4/25/2005 8:52:40 PM
From: Venditâ„¢  Read Replies (1) | Respond to of 8752
 
MJ,

RNWK is near its one year high of 7.27, a final resistance point. Below that level is 7.08 as the prior resistance level which is the likely target.

Trend line resistance is located at 6.90. A weak QQQQ will top the stock out at that level tomorrow.

The chart linked below is in weekly time frames over a one year period with the above lines drawn.

themarketwind.com

A robust QQQQ will pop the stock through 7.08 and towards the yearly high of 7.27.

Reid