$RES rallied a further +3.99% to close at $6.77, putting it on a spotlight for a second re-test of its resistance turned support at $6.80 range that was highlighted previously. Wednesday’s closing affirms a higher angular (in momentum) trendline support for $RES, putting it in traction to re-test its Month’s high closing of $7.16 that was established during the...
With $SPX suffering a further correction of -2.6% as investors begins to worry about rising yields where the benchmark 10-year U.S. Treasury note briefly crossed the 1.6% level, $RES rallied a further +8.31% to close at it’s 52-weeks high at $6.39. The total cumulative rally from the breakout of its 3 months trend channel stance at +39.33% in less than 19 trading...
