RDN Charts, page-469

We've had a great run with RDN lately so not wanting to be the wet blanket here, but personally I wouldn't be surprised if over the next few days we see the price pull back from here and take a little breather. Why...well since Feb of this year every time we have seen the day's range (ATR) reach abnormally high levels and push through the 2SD level the following days have seen the price pullback on a contracting range. Take a look at the chart immediately below the price chart where the range (ATR) pushed through the 2SD level in early Feb and again in early, mid and late April. In today's trading, we saw the range extend to an abnormally high level and again push through the 2SD level so if RDN remains true to recent form then the next few days might well be down days for us.

But let's not forget what they say "past performance is not a predictor of future returns" and who knows some positive news might drop in the next few days and the price will continue on its merry way up. Not all bad if a pullback does materializes over the next few days--might be an opportunity to top up.

GLTAH--onwards and upwards.