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Radware Ltd (RDWR) : Another distribution?

Since my first post on Radware (RDWR), it has struggled to go higher after a phenomenon bull run.

Maybe, the market is waiting for its financial results and guidance.

Yesterday, as the market bounced back from Goldman Sachs’ selloff, RDWR seems to have a distribution day.

From the Ichimoku chart, we can see that volume is as high as that when I first posted.

The Tenkan sen seems to be turning also; like a car doing a U-turn. Looking at the leading kumo, we can still see a thick kumo support at around $21.94

Though, I will be wary of any more bullish run until the results is out.