NYSE:RXN   REXNORD CORPORATION (NEW)
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Currently short from the 1.618, looking to reach 0.618 target for reversal. Once Long, targeting the 1.618 extension in hopes of completing a 3 drives . The RSI divergence has/is set up nicely as well.
We broke $28.70, looks good towards position reversal and long entry at the 0.618 ($27.51) area.
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So far so good. The next test is breaking through the $28.70 level.
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