[isatrader]

Any other thoughts about RAX on the forum?

It's on the right side of it's near term resistance (highlighted by the ichimoku cloud chart attached) which was cleared on the Stage 2A breakout week, and so the methods next entry point would be the pullback towards the breakout level - which might have began. I'm noticing a confluence of support in that area around $40 with the breakout level, ichimoku cloud support and the rising 30 week MA. The other potential buy point for the method would be for it to consolidate and then break out higher again above the $49 level you noted. But if it does pullback then the method says to watch the volume closely as you want to see a contraction in volume on the initial pullback towards the breakout level.