RDF 0.00% 95.8¢ redflex holdings limited

the candle pattern is a key reversal, page-3

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    candle patters are very short term patterns. So I cant say whare its heading. If the 5 day MA is maintained then 2.8 close.
    If that is the case that is not a good sign because the uptrend will be broken again. If this happens then back again to 2.60. If it cannot hold above 2.85 the run was a sucker rally. RSI sowing bearish divergence.

    From a weekly chart point of view there is a cup and handle. According to this there should be a drop and it maybe happening now. This is what I told HILLY yesterday.

    I would not rush. I would wait till the dust settles down

    I would put my money into FUN at this stage because it is gettig set for the christmas rally. But RDF is a good stock as well. Keep a close watch
 
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