Trade Idea - RAMBUS
Monday, December 10, 2007
Shares of Rambus are still showing a very good momentum for a possible breakout over $21.59 soon. After a big rally on Thursday, Friday decline was the consolidation day for a new leg up, so it will be very interesting to see if stock will open this week this scenario, I think it's very likely. Looking at the daily chart above, it's clear that stock is trading in a Bull Market with share price above its 20 ,50 and 200 dma and the 50 dma is on top of 200 dma. Indicators also are all in Bullish zones, giving a clear signal of strength and confidence on stock, so at this moment, bulls are controlling RMBS.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Labels: RMBS
