Rackspace Inc (RAX) : Ascending Triangle, Trend intact

It seems like RAX is forming an ascending triangle on the chart.

Yesterday’s market did not cause it to drop a lot.

Most importantly, on the Ichimoku chart, the closing price did not cut the Tenkan sen (red line) which will suggest that the trend is intact.

Related posts:

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  2. Rackspace Hosting (RAX) : 52 Week Resistance
  3. Sinovac Biotech Ltd (SVA) : Consolidation with potential breakout
  4. Sinovac Biotech Ltd (SVA) : Price still above Tenkan sen
  5. Nokia (NOK) : Trend is still down