quarterly, page-10

there are some things to like about the RXL chart at the moment.

1. rising as the rest of the market sinks
2. closed at day high
3. first convincing close above the 55 day ema since early march
4. The bollinger band had been tightening which usually means a break is coming up or down...and in this case it turned out to be up.
5. one could argue there is a (bullish) reverse H&S and that the neckline was broken today with what could perhaps be called a gap. I say perhaps as yesterday's high was 3.5 and today's low was 3.6 so no price was left out between yesterday and today but still looks like a gap on the chart which is always nice to see when bullish patterns break up.

But all that said I will be rooly trooly happy when I see some serious volume with the upwards movement....but that may not happen until we get a whiff of some results.