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IBD put out an article 3 weeks ago stating RKUS was not a HTF because it didn't consolidate for 3 weeks (http://news.investors.com/investing-new-highs/122712-638558-ruckus-and-domino-pizza-lead-stock-market.htm) ; but does it qualify now?
The weekly volume and price close isn't complete yet; but it looks rather strong.
thanks for pointing this out. Yes, it could be the start of a htf but WAIT. needs sideways movement another week and a half with low volume. last week had great low volume
Sorry, I didn't see you posted this already and started a new entry. It's been a few days since you all posted. I think this stock might have some good possibilities.
Is the HTF complete now?
Great questions. Short answer is, I'm not sure - I haven't lived through a HTF but I've seen them all in retrospect.
It seems last week's price action "ruined" the pattern but it was technically withn the 10% price range.
This week, I only viewed it as bouncing off the 10week MA on high volume.
I'm not sure if 1 negates the other or reinforces the other.
It just made a new high on its RS line (graphically, not numerically)
This "flag" / consolidation area did not occur during a market correction.
Does that make the pattern less reliable?
I'm not sure. $SCTY looks almost as good; but the fundamentals look horrible.
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