ASX: RHL Ruralco Holdings
ASX:RHL I am adopting a wait and see first strategy for this stock. The bear pennant doesn't seem to excite me although
1. price action closed just slightly above the cloud for about 4 weeks already
2. declining volume probably explains why it has been rather flat
3. RSI showing positive signs both daily and weekly
but i will still wait out for confirmation before entry.
A confirmed break above $3.18 is a good sign.
A break below $2.80 spells trouble.
Beware of bull and bear traps.
1. price action closed just slightly above the cloud for about 4 weeks already
2. declining volume probably explains why it has been rather flat
3. RSI showing positive signs both daily and weekly
but i will still wait out for confirmation before entry.
A confirmed break above $3.18 is a good sign.
A break below $2.80 spells trouble.
Beware of bull and bear traps.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.