RDWR, as wtih other stocks, has rallied and move up. Currently, it is trading inside the kumo and above its Tenkan sen. Resistance from the Kijun sen (trend line) and the kumo. At this moment, trading inside the kumo suggest that the trend is not established yet. Most likely, RDWR will move up together with… Continue reading Radware Ltd (RDWR) : Cross Tenkan sen
Radware (RDWR) bounced off the kumo support yesterday and make it attempt to reverse its downward movement. First target is around $21. Coincidently, the ‘small gap’ resistance at that level coincides with the Chikou Span support further back; highlighted by the 2 red circles. I have support and stop-loss set just below $20.
Despite beating the earnings estimate, Radware continues to face selling pressures after its earnings has been announced. With the continuous selling, a bearish cross is sighted after it break the 2 support level at $22 and $21. I have since sold off my holdings at a loss after it breaks $21. Currently, the price close… Continue reading Radware Ltd (RDWR) : Bearish Cross Sighted