Swing Trade Update RHT

I'm still tracking RHT right now. It has held the lower high, lower low paradigm as it descended further and closed today at $21.94. It is sitting almost exactly on the 30 day moving average and my Fibonacci line.

It also may have formed a T-30 pattern according to the web site I am testing (http://www.swing-trade-stocks.com/t30-chart-pattern.html) . It's not exactly a hammer but it sliced through the 30 day EMA, is right at support, and had higher volume today meaning some traders may have been taken out of the trade. I'm going to post to the Chartwatchers forum to find out for sure.

Either way, I'm keeping an eye on it, and I'll probably enter tomorrow. If this is a true T-30, I should see a low volatility narrow range day tomorrow (Star or DOJI). If this materializes, I'll definitely enter late in the day.



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Updated:

It turns out this is not a T-30. It does, in fact, have to be a hammer.