Rad is still in the high resistance territory.
Results disclosed yesterday were not bad and shorts have covered some since then.
This resistance will be hard to eliminate and until RAD closes above 2,20$, i suspect recovery will not get in at full speed.
Couple of major numbers are the 200 days moving average sitting at 2,70$ and the 20 and 50 days moving higher toward the 200 days moving average.
If that was to happen, it would be called a golden cross (when 20 and 50 dma crosses upward the 200 dma).
At this speed it could happen at about the 2,50$ mark (200 dma will continues to slide) and from there a real recover will happen.
Have fun and at this time it is a cautious buy (imo)
Results disclosed yesterday were not bad and shorts have covered some since then.
This resistance will be hard to eliminate and until RAD closes above 2,20$, i suspect recovery will not get in at full speed.
Couple of major numbers are the 200 days moving average sitting at 2,70$ and the 20 and 50 days moving higher toward the 200 days moving average.
If that was to happen, it would be called a golden cross (when 20 and 50 dma crosses upward the 200 dma).
At this speed it could happen at about the 2,50$ mark (200 dma will continues to slide) and from there a real recover will happen.
Have fun and at this time it is a cautious buy (imo)
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