Following on from the idea posted in September, RLO has moved up nearly 20% .
After a solid earnings report, i will be looking to add to my position on any pullbacks towards the up sloping 20/50ema.
Stochastics are just turning up off oversold so this stock may have legs to run to the next big area of interest R54.50.
A daily close below R44.00 again would be viewed as bearish.
After a solid earnings report, i will be looking to add to my position on any pullbacks towards the up sloping 20/50ema.
Stochastics are just turning up off oversold so this stock may have legs to run to the next big area of interest R54.50.
A daily close below R44.00 again would be viewed as bearish.