RSG - Where is it heading?
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     mads
Member
Username: mads
Post Number: 73
Registered: 12-2004Rating: N/A
Votes: 0
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| | Friday, July 13, 2007 - 11:50 am: |  
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Resolute has been moving sideways for sometime and finally seems to be breathing again. Is it though? The chart shows a double bottom as well as head and shoulders and the volume has improved. Is there life in this beast? Anyone cares to comment?
Mads
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 617
Registered: 10-2005
Rating: N/A
Votes: 0
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| | Friday, July 13, 2007 - 06:23 pm: |
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mrlunch?
---
ohk
Lies, Damn Lies and Technical Analysis
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gdd3
Member
Username: gdd3
Post Number: 129
Registered: 09-2002Rating: N/A
Votes: 0
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| | Friday, July 13, 2007 - 10:06 pm: |
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Hi Mads....I guess I can see your "DOUBLE BOTTOM"(Mar. 14th and June 18th, right?)but a Head and Shoulders pattern ????
In the time frame you have presented(and looking back over 3yrs) I can't see any such potential pattern, either topping or bottoming....Please clarify!
Nice short-term move(from the June low) but me thinks for this to continue North from here it probably needs a week or so of "corrective" activity for it to remain healthy.
Positives:- it has crossed and consolidated above the 150 day M.A. and the 10 and 30 day M.A.'s are rising sharply.
Good luck with it!
Dolphin
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mads
Member
Username: mads
Post Number: 75
Registered: 12-2004Rating: N/A
Votes: 0
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| | Monday, July 16, 2007 - 12:42 pm: |
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gdd3
The double bottom in March and June are correct. I can't show you a classical head and shoulders pattern for RSG but (for what it's worth) the period between March and May resembles head and shoulder.
Also, thanks for sharing the trading link referred to in your message 122. Very helpful.
Mads
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