RAD - Sharp Rejection at Trendline but Will Likely Retest Again

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The touch at $0.81 shows it is not ready for a breakout quite yet. This reaction was at the long time trendline resistance.

Short term: it did the same thing. I think it's safe to assume it will go back up to retest it again and hopefully get to the 50.

Long-term: Look for a break above $1 after we coil down a bit more.

Penafian

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