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Saturday, 6 October 2012

RFMK updates

The daily chart broke out last week, we know! Price has been holding well around the .0035 range after the .003 break. Looks like pretty strong breakout consolidation, we're happy with this action.
 
The weekly chart has now come upon resistance but looks very strong. Three straight weeks above the 50ma on increasing volume plus the Psar flip this week added one more bullish confirmation as a buy signal. Looking at the three overbought indicators below I wouldn't be surprised to see a repeat of what happened in the beginning of Sept. (some pullback) Overall the weekly and daily charts are looking long term bullish. Core holders here should be all smiles ;-) !$!$!
 
Daily


 
Weekly
 

 

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