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.
This post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions.
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