Last Post 02/12/2013 04:48 AM by gar.chan (765) . 5 reply.

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01/15/2013 05:35 PM

High tight Flag? RKUS
by gar.chan (765) Joined on 05/28/2010 Posts: 67

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.

Thoughts?

 

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01/29/2013 11:06 AM

Re: High tight Flag? RKUS
by jebmkm (135) Joined on 04/30/2010 Posts: 36

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



02/08/2013 11:59 AM

Re: High tight Flag? RKUS
by themanwiththecrystalball (1885) Joined on 01/12/2011 Posts: 215

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?

~~~CRYSTAL BALL



02/10/2013 08:06 AM

Re: High tight Flag? RKUS
by gar.chan (765) Joined on 05/28/2010 Posts: 67

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.

 



02/12/2013 04:17 AM

Re: High tight Flag? RKUS
by gar.chan (765) Joined on 05/28/2010 Posts: 67

It just made a new high on its RS line (graphically, not numerically)



02/12/2013 04:48 AM

Re: High tight Flag? RKUS
by gar.chan (765) Joined on 05/28/2010 Posts: 67

Additionally,

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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