RDF 0.00% 95.8¢ redflex holdings limited

recovering

  1. 3,704 Posts.
    Well, it looks like the brief dip below the 30 week MA was a temporary glitch in this share price rise.

    If it holds until the end of this week and the weekly chart rises back above the 30 WMA then we're back to a higher likelihood of a continued rise as opposed to the sense of foreboding when it was dipping below the average.

    The only concern is the continued lower volumes. I think if we're to get back into high gear the volumes need to pick up.

    The RSI is looking healthy again and the bollinger bands seem to be indicating an impending move (although this indicator doesn't tell you which direction).

    My concerns in the last couple of weeks were valid at the time but it seems premature.
 
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