An idea showing a curved trend on the log chart weekly. Price may possibly continue up the curve as it gets closer to vertical. As it climbs volatility may increase. Bullish.
Price has broken out of this wedge formation, and it is also above the major up trend line (in green) Price will continue up the green trend line Bullish above the current formations upper trend line
RHIMagnestia India ltd earlier known as Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products. KEY POINTS Revenue...
$RHI a 2021 market darling until the last week of November, where it undercut its 50MA for the rest of the year. currently established a higher low with cup and handle pattern. weekly chart, it capture back its 10MA for the first time in 7 weeks. actionable trade for today
Flagging after massive run, Also making new H.H , H.L Watching it above 117.90 / 118
I believe that RHI is at a neutral position. In the next few weeks it will be time to buy again. As you can see again we are back in the channel once more :)