SoloTraderAU

RXP Short as this moment

Short
SoloTraderAU Updated   
ASX:RXP   None
Remember cyclicity?
We are facing a phase 2 of the uptrend channel. I expected the stock price will break SMA 40, and look for a support around $0.90 where horizontal support locates.

Both Stoch & MACD are pointing downwards. We need to wait for confirm candlesticks reversal pattern or indicators crossovers to buy near $0.90
Comment:
My green arrow predicted the rebound of the stock price.
It is a bullish reversal pattern. Target Sell at $1.10, get some cash before Xmas

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.