More Trades

RDK is a grocer, you may remember my post which was bearish on grocers due to their razor thin margins and higher input costs.

RDK was one on the list. It's seen a bounce within a flag type pattern and ir looks as if that bounce is nearing completion.

 RDK 5 min showing slight accumulation for a bounce in white and distribution in red as it begins to round over.

 RDK 10 min confirming the chart above

And RDK 60 min which carries the most weight, very divergent. A stop can be placed either at $36.70 or to give it  bit more room, there's a gap resistance zone just above $37.00

By the way, XOMA just turned into a 200% trade in 4 days.