MaryJane

Regions with intraday bear trap?

NYSE:RF   REGIONS FINL CORP NEW
87 0 27
5 months ago
Yesterday RG started it s tradingsession very weak with a gap down and was traded temporarily below the central pivot support Level @ 8.90$. Per Close, RG could defend this Level - a false breakout or ptential bear trap was formed.
The open gap is the new shortterm resistance . For me, the Region between yesterdays low and the gaps upper edge seems to be neutral -herein is no Action needed.

Interesting are the edges of this neutral Zone.

1. Below yesterdays low, i exspect a temoprarily selloff with TPs 8.6/8.3
2. Only Prices above 9.10 will brighten the Chart.

5 months ago
Comment: exactly kissed 0,5 fibo-retracement
5 months ago
Comment: nearly reached both Targets ;-)
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