SteynTrade

JSE:RBX Raubex Facing Selling Pressure

Short
JSE:RBX   RAUBEX GROUP LTD
Raubex has started trading in a downward sloping channel. Significant divergence is seen between the with the RSI rising and the Volume RSI pushing lower. This indicates selling in the background even as the price was rising. Price has found resistance at the upper channel line and the 2019 Yearly Pivot Point. Looking for a continuation of the downward stride.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.