Rap is still trading in its upwards channel.
Support should be found within box number 1. I see it drifting to the left until it touches the bottom of the channel and from there it can either bounce upwards from a flag shape or create a new down trend to the next support of 20cents until the next big news.
I know many of you were hoping this would break upwards today or yesterday. But too many breaks upwards without any sideways action is not healthy and the sp can plummet any time after going parabolic.
Overall verdict Time and i would be weary of the Profit taking i know many people who have 3-4 million shares in rap and are going to sell before June.
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Anyone else wants to take a shot at reading the charts?
im no expert so DYOR
