Interesting, don't you think so? RFM broke above its resistance at 1.12 last Friday on heavy volume. Naturally, you can now find support at 1.12. Its upward channel points to a resistance around the 1.30 level. If RFM has, indeed, continued its uptrend, then we may actually see RFM reach its range's target of 1.28 in the next couple of trading days. Aside from a range, we can also see an ascending triangle form in RFM. This gives us a higher potential upside of 1.44.
Recommendation: Buy the dips
The information contained in this blog are my own opinions and analyses, provided for information purposes only and should not be construed as an offer to buy or sell securities.