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RMG - Selling at trend resistance
Royal Mail Group (RMG) has rallied into multiple resistance levels and appears to be rolling over to the downside.
LSE:RMG
The shares have formed a range pattern on the daily chart and are now trading at the upper end of this pattern.
With the medium term trend remaining firmly bearish, we look to use this as an opportunity to sell.
Our trade today is to sell at the open
Stop loss at 452p
Target at 400p
Good Luck
Grow
LSE:RMG
The shares have formed a range pattern on the daily chart and are now trading at the upper end of this pattern.
With the medium term trend remaining firmly bearish, we look to use this as an opportunity to sell.
Our trade today is to sell at the open
Stop loss at 452p
Target at 400p
Good Luck
Grow
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