Sunday, October 11, 2015

RWLK ReWalk Robotics Daily Chart

Keystone walked RWLK stock higher for the last two rallies. Keystone previously highlighted the falling wedge, oversold conditions and possie d (green lines) forecasting a strong move higher, which occurs. Keystone took profits on that trade and exited but was looking to reenter. This was an interesting trade because the two gaps below were of concern so Keystone waited to see if the 7.7-ish gap would be filled and price did come down to fill it--and continue dropping.

Upon inspection of the indicators with the lower low in price, the dark green lines clearly show possie d remaining in vogue so Keystone jumped back in on the long side. Keystone exited this trade taking profits and is back out of ReWalk. The stock remains on the buy long watch list and will likely reenter. Price may establish a trading range through 7.5-9.5. The weekly chart hints at a bottom in place and the coast appears clear to remain in RWLK and enjoy the future walk to higher stock prices for weeks and months ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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