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RESN

END OF A BEAR RALLY?RESN is a 5g company. 5g is an area which is logical for longterm investors. In the short term, RESN seems to have a huge price action to the downside for couple of months after a huge bull rally. There is not a lot of volume lately and its decreasing rapidly which is a problem for price action to create an uptrend. RESN definitly need more volume if its to go upward. Also if you look at the BB, price action occured between 20day ma line and lower line of the band. Which means price was not able brokeout to the upside and was in a downtrend. This was a clear bear market and it seems it still is. Right now price tries to breakout 20day ma area and if it cant breakout to the upside, we can go to the lower band at least 1 more time. Price can have an explosive movement in a week or 2 for both sides regardless we are forming symmetrical triangle. It is generally a trend continuation pattern but not always! Therefore we have to wait after breakout, for at least 1 candlestick close in daily chart, to be sure if this is still a bear market.
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by thegreatwall38
$RESN Chance To Break Previous Highs?Volume is up over the last 45 days compared to 45 day period prior. The penny stock's news didn't hurt but what will help it go that extra distance "Resonant Inc ( RESN ) enjoyed impressive gains on Wednesday. This came after it announced the agreement of an important deal. Resonant is involved in changing the ways in which radiofrequency front ends are designed. Yesterday, it announced that it had reached an agreement with radiofrequency and module provider Murata Manufacturing Co." * About RESN Resonant Inc is a late stage development company. It is developing software, intellectual property and a services platform to increase designer efficiency, reduce time to market and lower unit cost in the design of filters for radio frequency front ends for mobile device industry. SOURCE: Are Penny Stocks Worth It? 3 Up Big In October
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by PennyStocks101