Friday, May 4, 2012

5/12/2012 $RMBS chart and setup

may 12 - this setup is still the same and unfortunately stock is making a slow grind lower.. still a no touch until a break of this descending trendline on above average volume, then use a 10% stop if you get an entry/

follow me on twitter @mark_lexus for more free charts, setups and trades.

may 5 - still in same holding pattern as last few weeks, avoid for now until stock breaks thru this trendline, above average volume preferred. that 200 day moving average is still way up there. use a 40-50cent stop if you get an entry on breakout.