RCII - Higher Lows Pattern.

Neurobroker said: "RCII has formed a Higher Lows pattern with a support level at about $24 and a flat resistance at $27. The higher lows formed in October, 2004 and February, 2005 indicate increasing positive momentum. Another bullish sign is provided by the increasing 7-21-90 days Simple Moving Averages marked on the second chart. If the key resistance level at $27 is penetrated the price could be expected to move to the red resistance trend-line, indicated on the daily chart, or to $30, the theoretical target price of a break out from the Higher Lows pattern. [IMG]http://www.neurobroker.com/StockAnalysis/Charts/2005/3/4/RCII%201.jpg[/IMG] [IMG]http://www.neurobroker.com/StockAnalysis/Charts/2005/3/4/RCII%202.jpg[/IMG] See more articles [URL=http://www.neurobroker.com]here[/URL]."

misterjover said: "That's some nice TA. :)"

HappyHarry said: "Looks like something to keep an eye on. Thanks for the post."