ROK appears a bit stuck trying to get through prior gap down.
Possible Support not far below at bottom of gap down and handle low.
Negative Volume(volume on down days) is high. Positive volume (volume on up days which is the general public as a rule) is low. OBV (On balance volume) is perking up but is not high.
The 50, 100 and 200 moving averages are in place and sloping slightly up. The 20 is sloping up and just crossed up through the 50.
There are no rising wedges in the yearly chart.
ROK has made a trip down close to the handle low today at 57.33 and appears to be struggling with the resistance overhead. Long entry level is an "at or above" level. Some prefer an entry closer to support.
Not a recommendation
Possible Support not far below at bottom of gap down and handle low.
Negative Volume(volume on down days) is high. Positive volume (volume on up days which is the general public as a rule) is low. OBV (On balance volume) is perking up but is not high.
The 50, 100 and 200 moving averages are in place and sloping slightly up. The 20 is sloping up and just crossed up through the 50.
There are no rising wedges in the yearly chart.
ROK has made a trip down close to the handle low today at 57.33 and appears to be struggling with the resistance overhead. Long entry level is an "at or above" level. Some prefer an entry closer to support.
Not a recommendation