After experiencing two brutal takedowns in October and November, RFM Corporation (stock symbol: RFM) buyers finally got their sweet revenge as they were able to reach new highs the other day.
The stock took a breather today but remains supported by a rising trendline. If this trendline breaks, buyers still have a chance to redeem themselves by bidding price up in the 5.00 area and keeping that area protected from attacks.
The Money Flow Index (MFI) is still above the 80 level. Will it decline soon? We’ll see.
If the buyers can keep the ball on their side, they could launch an offensive to take out the May 2013 high at 6.15.
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