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Fair enough. Thanks for the replies all!!

"RMBS is news driven, has very high volatility, so I don't think that TA on it can be meaningful. For me, the probable reward doesn't justify the risk, neither long nor short." Cnms - it sounds like you know a little about the Rambus story. I agree that T/A doesn't usually tell the Rambus...

"I agree, looks like it could be rangebound for a bit. Predicting longer time frames is really not my forte though, I am still just a lowly daytrader" Thanks Steve. What type of indicators do you use during the day to help you take a position? I'm just learning about candlesticks, RSI, and...

"Might trade between 46 and 38 for a while, but I think after that, it's heading south. What do you think steve? -Kastro" Thanks for the response Kastro. I'm trying to understand why you think it will trade down after breaking the 38-46 range. Is there some type of pattern you recognize?

First of all I want to provide a little background. I am not a daytrader and don't know much about Technical Analysis. I started an account with Elite Trader to learn more about entering and exiting positions. Currently, I hold a position in only one stock, RMBS. Because of fundamentals, I...