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.
