weekend charting 24-26 september, page-7

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    Here's a look at RFE.

    Long Term. There certainly are grounds for it to bounce when you look at the candlesticks, but the indicators are showing not many signs of bullish movement.



    Short Term. It looks a bit better. You could argue that it could run to 70cents if it repeats what it did in June-July.



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    Now a look at AUT.

    This thing is just unstoppable at the moment. I tried to pick tops at 1.17 and 1.29 but it just keeps on going. Have a look at the RSI and Stochastics. This is a stock going places.



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    And now CAP.

    As most of you have probably gathered my now, I hold this one and like it's future. At the moment it is in sort of uncharted territory. It broke out of a triangle formation last week. There is resistance at 48cents, support in the low 40s, but apart from that, it is doing it's own thing at the moment.



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    How's RIV going?

    Short term bearish on this one. Made a lower high and the bearish engulfing candle has been confirmed by a generally down week. Would be a good two-three week short position about now imo.

 
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