Figure 1: RLC Price Chart
Information:
Date Bought: September 21, 2010 Buy Price: 15.88
Remarks:
I bought this stock for a possible momentum play last Sept. 21, but unfortunately the momentum upward was depleted as late sellers entered the market. Luckily since this stock was at the oversold area of my indicator, the probability of holding on to nearby support was huge. Currently this stock is forming a possible symmetrical triangle pattern which is a continuation pattern heading upward.
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