New TA/Charting, page-25

Breakout for RDN seems to be finally starting and getting the Volume confimation now today after it already brokeout of the Accumulation Channel yesterday with both Volume and significant price move.

Yesterday was the first day RDN has closed above and outside of that Accumulation Channel between 3c and 3.3c; with a strong close of 3.5c and with volume.

MACD crossed up/golden cross was on the 1st of Nov a few days ago and now confirmation coming through with the breakout from the accumulation channel and volume.

Can see the angled line cutting through which is from the overall downtrend from the 8c highs; the share price now broken out and above that.

Breakout also now starting from the Handle of the Cup & Handle pattern; halfway through the Handle and needs to break the next resistence level of 3.6c, which will also break through the 25-MA (light pink) and 50-MA (yellow line) both which are trending up.

Sitting now above the 9-MA and 13-EMA (pink and light blue lines)

This should now hopefully be the start of Wave-3 of the Elliot Waves; after that attempt last week to 3.5c which was rejected and moved back to the accumulation channel for a few more days.





(charts above before 3.6c traded - shows the differences and the change in moves)


Updated the chart with the 3.6c buy as it traded that as I've been typing this analysis.