test of downtrend , page-3

Speculative stocks tend to test the 1/2 way points of major ranges quite regularly.......indeed if RFE is starting new uptrend from here....it would be considered as being in a very strong position as its half way point was not taken out......>>>>>>>>.84 from memory.......of particular importance RFE has regained its position above its previous low of .91..... thus the low of .86 appears to have been a false break to the downside....which is a very strong BULL signal........it may well be time to LOAD UP.........:))