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| RealNetworks Inc Reached The Trendline |
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| Saturday, 08 May 2010 18:13 |
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RealNetworks Inc (RNWK) performed a sharp decline the last two months. Recent sell-off, experienced by the whole stock market, led RNWK further down to its weekly trendline and now it is time to watch this stock closely. See the charts below.
Weekly chart of RNWK The Daily chart below reveals another downward channel where the price reached both lower daily and weekly trendlines. Long shadows of the last 2 bars show the struggle between bulls and bears. Sellers were able to pull the price below the trendline but couldn't keep it there for long that means they are losing their strength. There are no confirmation yet that the downward daily trend has changed by it may appear the next trading session. Don't miss it!
Daily chart of RNWK |
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