Tuesday, May 24, 2011

RedHat : RHT update

RedHat : aka RHT

Prices has broken 2 candles out of the Box consolidation from $45.
Topped is in place.
How far will price go ?
Next target $40 ??
$3 from here.

Stochastics is still pointing south on the daily chart.
Probably at the highest rate of descend at the moment.
On the hourly chart it already is scrapping the bottom.
Basicallys its on the outfield at the moment.
Given the situation it will not be surprising.

Target priority will be given to the wave formation and the moving averages.
$40 maybe touch and go.
Get ready to move in a heart beat !




















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