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Wednesday, November 01, 2006 

Bulls supporting RMBS ?

Chart courtesy of stockcharts

Shares of RMBS down more than 2% today following the fall in the semicondutor index, however the stock still trading inside the channel but now nearly the bottom. In the daily chart we can see that the stock is under Oversold conditions, so a potential up movement at theses levels is possible. I think the Bulls are supporting the stock in this area to avoid a breakdown, also the chart show a weak volume in falling days.

Stocks to watch tomorrow : VCLK , SMSI , BOOM , TKLC , TRPS , WCG

That's All. Have a nice evening !!!


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hy!i'm alidifarfalla.thank you for your vsit in my blog.bye.

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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