Swing Trade Ideas for RWLK
Rewalk Robotics was mentioned recently for the employment of their technology with a paralyzed patient, granting him the ability to walk again with the assistance of their exoskeleton product ( news8000.com/news/paralyzed-man-walks-with-device-thats-first-of-its-kind-in-state/39978500 ). Volume has been light these past few months, but most of the stock's volume has taken place towards the higher end of the 52-week high range. RSI has crossed the over-sold limit (now at 30.74), TTM Squeeze is approaching the Mid-line, and CM_Williams Vix has a decreasing slope hinting towards a bottom. All good signs of a change in momentum or a change in the slope of the stock's price level. Three possible price targets are located at $7.90, $8.60, and $9.25 given the existing resistance lines. The CM_Williams Vix indicator may serve to be the best indication of whether or not each of these price targets is a short-term top. If the histogram plots continually shorter gray bars, the shortest one will be the closest to a short-term top, signaling a decay in momentum.
The Above represents my ideas and opinions alone and is not trading tips, advice or picks.
The Above represents my ideas and opinions alone and is not trading tips, advice or picks.
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