RFN is currently trading above the 26 period EMA which it historically used as a support/resistance.
The 12 and 26 period EMA has crossed with sellers drying up on the pull back. Gives a potential Bull flag on Weekly chart.
Look for Bear MACD cross on daily for an indication of a further pull back.
Tight stoploss @ 16 and long term target marked with T1,2,3,4 etc.. Relative fib levels should be used a guided profit target levels.
Safer to wait for break of 21 cent on good volume to confirm uptrend.
The 12 and 26 period EMA has crossed with sellers drying up on the pull back. Gives a potential Bull flag on Weekly chart.
Look for Bear MACD cross on daily for an indication of a further pull back.
Tight stoploss @ 16 and long term target marked with T1,2,3,4 etc.. Relative fib levels should be used a guided profit target levels.
Safer to wait for break of 21 cent on good volume to confirm uptrend.
Trade active:
Potential MACD convergence on Weekly and pulling back on decreasing volume. Setting up a potential Bull Flag??
Potential MACD convergence on Weekly and pulling back on decreasing volume. Setting up a potential Bull Flag??
