RNAI

[tommyt]

Won two patents today in UK, insiders buying, and way, way oversold. In @ 2.23.

[Melf Elf]

RNAI, currently at $2.32, is slightly above its downtrending 50DMA ($2.28).   It might need to do some more technical chart work, but July 5 was data point #4 for the long down trendling channel, so that could be an important low.  Long-term, I like the future potential for the RNA stocks.  Good luck with your trade!

[tommyt]

Melf,
If channel is correct, top looks like 2.65 = 20%. I can live with that. It might take a while, but with volume maybe not.
Thanks for the great chart.

[setravis]

Won two patents today in UK, insiders buying, and way, way oversold. In @ 2.23.

Nice find Tommyt. Put on my watch list.
Good volume and price action today.
applaud   

[eagerlearner]

continuing the way up. will it reach 2.64 today?
volume still low, but it should show up on more radars after today.
in at 2.30 . 
applaud tommy!

good luck to all

[eagerlearner]

taken out 2.65 comfortably. now sitting above.
i take that as down channel broken?
what ya chartists think from here on?  melf? tommy? setravis? 

cheers

[Melf Elf]

taken out 2.65 comfortably. now sitting above.
i take that as down channel broken?
what ya chartists think from here on?  melf? tommy? setravis? 

cheers

The top of the channel today comes in right about 2.70.  The print high so far today is 2.71.   You've got almost an 18% gain from your entry.  Applause.  The stock has rallied straight up about 69% over 7 days and now is at what has been resistance.  While it sure can continues to go straight up, it's pretty extended, short-term. 

RNAI currently is 2.68 BID...2.68 ASK.  Good luck!

[eagerlearner]

Thanks for the reply melf , applaud! 
i have decided to set a stop at 2.60 for half of my holding and let the rest ride. it's got a good product and insider buying. could be a good one long term.
hope it works out.

good luck to u and have a nice weekend.

[Melf Elf]

Thanks for the reply melf , applaud! 
i have decided to set a stop at 2.60 for half of my holding and let the rest ride. it's got a good product and insider buying. could be a good one long term.
hope it works out.

good luck to u and have a nice weekend.

You've got a nice profit.   That sounds like a great plan!     RNAI now is at 2.90.  That's a technical breakout, for sure, but I'm sorry to see that from the standpoint that this is looking too parabolic from the low seven days ago.  Nothing says that it can't go on an upside tear over the next few days, but often, those come right back down.

At any rate, you're making money!  I still think that your plan to take some off the table is a good one, and see what happens from here.  Good job!

[eagerlearner]

thx melf.
i have moved my stop to 2.80, 95% of the current price.
glad to have this to save my portfolio for the day.

good luck to all

[Melf Elf]

thx melf.
i have moved my stop to 2.80, 95% of the current price.
glad to have this to save my portfolio for the day.

good luck to all

Excellent!  You're in a really nice postion with this one.  Good for you, and applause to tommyt for finding the info on the patents on Monday.

[Melf Elf]

Eagerlearner,

Here's today's five minute chart.  Look at the volume when the top of the channel got taken out.    That's where the MOMO boys came in 

I'll be interested to see how the breakout holds up at the close.

http://ts-lc.sc8.finance.lycos.com/1121455075718?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:RNAI&Interval=5&Permission=1000&Ht=400&Wd=600&Display=2&Study=VOL&Param1=&Param2=&Param3=&FontSize=10&LocaleID=0x0409

[eagerlearner]

very clear chart , man ur analysis was right on!
how would u play this out if u were me?

thanks!

[Melf Elf]

very clear chart , man ur analysis was right on!
how would u play this out if u were me?

thanks!

Exactly as you're playing.  You've now got a 20%+ gain, and you don't want to let it turn into a loser.  Parabolic rallies can fizzle, so you're locking in some profits.

You've also got an upside technical breakout, so that certainly argues for holding some, despite the parabolic (straight up) look of the chart.  With some profits locked in, you can evaluate the trade as it evolves next week.  Observe if the top of the channel (former resistance) becomes support, etc. 

Good luck!  No need to wish you a nice weekend because I tell that you're already having one   

[Melf Elf]

That was fun watching to final minute, to see if it would close above 2.70, the top of the channel.

The last prints looked like...2.71...2.71...2.70....2.71...2.73...2.73...2.74...2.74!!!

That's a breakout on a weekly closing basis, which could bring in some buying interest next week.

http://ts-lc.sc8.finance.lycos.com/1121455075718?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:RNAI&Interval=5&Permission=1000&Ht=400&Wd=600&Display=2&Study=VOL&Param1=&Param2=&Param3=&FontSize=10&LocaleID=0x0409