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Monday, 7 January 2013

$RFMK is looking to run again!!!

Looking at RFMK we can see a really nice pattern has developed on the weekly chart. You may remember we were playing RFMK like a fiddle in September of 2012. The time is right to play again.
 
RFMK is trading on the bottom trend line (support)  and today climbed out of the .0012 - .0016 range to close at .002. The pattern we are following here can be seen very clearly in the weekly chart below. Every move up in price since Dec. 2011 has followed the buy signals (circled in green) to a tee.
 
As of now (circled in blue) the majority have made the bullish cross buy signals. RFMK is once again coming off of support and we are looking at a near term target of .004 one more time and possible shot at the .007
 
 
 

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