Posted by lessarda on 17th of Aug 2012 at 11:29 am
When it runs, it really runs. The recent price action fits the
BB pattern Matt/Steve have been pointing out - lower low in price,
but higher placement inside the BB. Also, some positive MACD
divergence evident. Daily trend reversal would come on a close
above 3.04.
Posted by lessarda on 12th of Sep 2012 at 04:25 pm
Low volume retest of 3.98 with a close above. Already pierced
the next level of 4.25 yesterday, so it has chewed up some orders
up there where previous buyers may have scratched losers on
breakeven. After 4.25 the next resistance will come in the
4.60-4.80 range.
Posted by billnew52 on 17th of Aug 2012 at 12:13 pm
Lessarda, thanks for pointing this out. REDF is an Indian
stock. The Indian market has been on an uptrend since June as
have the ETFs and ETNs tracking India. Since June, however,
this stock has been down over 25%. Maybe it's time for
catch-up. This one has had a tendency to take off like a
rocket. Definitely on my radar!
Keeping REDF on the radar
Posted by lessarda on 17th of Aug 2012 at 11:29 am
When it runs, it really runs. The recent price action fits the BB pattern Matt/Steve have been pointing out - lower low in price, but higher placement inside the BB. Also, some positive MACD divergence evident. Daily trend reversal would come on a close above 3.04.
Took a while, but REDF into 2nd day of larger range moves
Posted by lessarda on 10th of Sep 2012 at 12:54 pm
REDF on one of its runs
Posted by lessarda on 11th of Sep 2012 at 09:44 am
look at past moves; this is day 3.
If you are not in
Posted by wowten on 12th of Sep 2012 at 09:19 am
If you are not in this stock ahead of time, it is hard to jump on board this bullet.
I hope you used the pullback this morning if you weren't in already
Posted by lessarda on 12th of Sep 2012 at 11:22 am
Nice pullback/retest on REDF
Posted by lessarda on 12th of Sep 2012 at 04:25 pm
Low volume retest of 3.98 with a close above. Already pierced the next level of 4.25 yesterday, so it has chewed up some orders up there where previous buyers may have scratched losers on breakeven. After 4.25 the next resistance will come in the 4.60-4.80 range.
REDF two day pullback on low volume set up for the next move
Posted by lessarda on 14th of Sep 2012 at 10:28 am
REDF 61.8% retracement held; some volume coming in
Posted by lessarda on 28th of Sep 2012 at 12:35 pm
flyer play: Oct 5 calls @ .05
REDF at the daily trend reversal level - trying to move - pathetic vol
Posted by lessarda on 22nd of Aug 2012 at 12:16 pm
REDF
Posted by billnew52 on 17th of Aug 2012 at 12:13 pm
Lessarda, thanks for pointing this out. REDF is an Indian stock. The Indian market has been on an uptrend since June as have the ETFs and ETNs tracking India. Since June, however, this stock has been down over 25%. Maybe it's time for catch-up. This one has had a tendency to take off like a rocket. Definitely on my radar!
Like Zach's FIO spec, I have a .05 GTC for the Jan13 5 calls in REDF
Posted by lessarda on 17th of Aug 2012 at 12:21 pm
FIO started to take off in the lst 5 minutes
Posted by zach06 on 17th of Aug 2012 at 01:37 pm