Previous Discussion
https://www.tradingview.com/chart/RWSL.N0000/vvkax8db-RAIGAM-WAYAMBA-SALTERNS-PLC-RWSL-N0000-CSE/
4X since initial discussion
Short Term Outlook
Technical Analysis (Chart Patterns)
* RWSL is nearing completion of a flag formation
* Flags are continuation patterns
* Breakout can occur any time as the pattern is matured now.
* Pattern target is LKR is LKR 33.50 - 34 +
Invalidation
* Breakdown below Trend Line 'B' invalidates the setup
* Traders should apply a comfortable stop-loss below TL B
Long Term Outlook
* To be discussed further. Let’s explore fundamentals, macro drivers next.
https://www.tradingview.com/chart/RWSL.N0000/vvkax8db-RAIGAM-WAYAMBA-SALTERNS-PLC-RWSL-N0000-CSE/
4X since initial discussion
Short Term Outlook
Technical Analysis (Chart Patterns)
* RWSL is nearing completion of a flag formation
* Flags are continuation patterns
* Breakout can occur any time as the pattern is matured now.
* Pattern target is LKR is LKR 33.50 - 34 +
Invalidation
* Breakdown below Trend Line 'B' invalidates the setup
* Traders should apply a comfortable stop-loss below TL B
Long Term Outlook
* To be discussed further. Let’s explore fundamentals, macro drivers next.
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.
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.