Trades Ideas for Thursday - RMBS,GTW,BIDU
RAMBUS shares were down nearly 2% closing at $13.04. Stock is now approaching of major support at $13. Looking at the daily chart, stock is trading in a clear Bearish Market with 50 dma below 200 dma and all indicators also in Bearish territories. In my opinion if stock breakdown $13 in a close, RAMBUS should fall to target $10.25 ( 2006 lows ) before move up again. It's only an opinion based on the chart of long term, nothing more.
Chart courtesy of stockchartsGTW - Stock may have found a bottom at this level. According to MACD and Full Sto. it seems that share price will move up soon. Keep an eye on GTW for a possible breakout over $1.27.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
That's All. Have a great evening !!!
AC
