The past 2 trading sessions have been a down market generally. But Radware (RDWR) has shown signs of heavy buying; in fact, its volume is above average. Price level even hit 52 week high on yesterday’s trade. Among the possible reasons for Radware (RDWR) move includes acquisition. On the Ichimoku chart, RDWR has retraced back… Continue reading Radware (RDWR) : 52 week high and Up in a down market
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.