Tuesday, August 2, 2011

Trade Idea RVBD (long)

This s a stock I've been watching with a member, it's a potential takeover candidate and otherwise in pretty good position as a low risk trade.

 Usually after a first break of support we see a significant bounce/rally and RVBD has managed to fend off follow through selling.

 The daily chart is positive, which is no small thing.

 and the 60 min

 the 15 min

And the 10 min.

I think the risk is low enough here and the indications are strong enough to warrant a close look at RVBD as a potential long trade.

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