Since my first post on Radware (RDWR), it has struggled to go higher after aÂ phenomenonÂ 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.