Rackspace Hosting (RAX) : 52 Week Resistance

Jan 12, ’10 4:08 PM
Author iam802 Categories Tech Tags

RAX has just came off from its 52 week resistance at around $23.00

From the chart we can see that the Tenkan sen and Kijun sen are both flattening; a possible pause in its momentum.

Kumo provides support at around $21.00

At this moment, the uptrend is still intact as we do not have any indications of a bearish cross, Chikou Span or price going below the kumo.

Related posts:

  1. Rackspace Hosting (RAX) : Bullish Ichimoku Cross
  2. Rackspace Inc (RAX) : Ascending Triangle, Trend intact
  3. BYD Co (1211) : Chart Review as of November 18, 2009
  4. EMC : Kumo resistance on Weekly Chart
  5. 3PAR Inc. (PAR) : Gap Resistance at 9.67
‹
›

Add Your Comments

Required
Required
Tips

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <ol> <ul> <li> <strong>

Your email is never published nor shared.

Ready?