No. of Recommendations: 1

RKY may be re-accumulating after a loverly 2 month run-up. A BC 3/28, followed by the AR which breaks the utl on a gap, (and also appears to be an SO, note the vol and long spread) which finds support at the rising 20d ema and the PSY area. The ST on lower vol, the high exactly at the BC high. So far, textbook BC. However, note the declining, lower vol on the reaction off the ST, which is stopped 4/15 at 66, the 50% R of the previous rally. The next 2 bars are low vol/tight spreads, the lows also sitting on 66. Thurs a perfect long-legged doji, the low finding support at the 20d ema and channel demand line, the close and open again at 66. The bottom tail of the doji may also be serving as a SO for this little consolidation. Fri an NR7 on low vol. Price appears to be at the apex. Dead Center baby!

The Food & Beverage industry (TC2K) also remains strong.

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