ASX.RPL – Breaking Downtrend & Reclaiming 200DMARegal Partners Ltd (RPL.ASX) appears to be completing a bottoming formation after an extended downtrend. Price has broken out of the descending channel and just reclaimed the 200-day moving average — a potential momentum shift in play.
🟢 Bullish Setup:
• Price action shows strong reversal characteristics
• Volume uptick confirms interest near support
• Trading above 200DMA for the first time since early 2025
• Backed by strong analyst sentiment: 5/5 analysts rate it a Buy or Strong Buy, with price target avg: $4.07 (+113%)
⚠️ Risk Management:
• Recommend tight stop-loss at $1.59 (below recent swing low)
• Not a high-conviction trade personally — shared due to interest from group
📅 Note: If market sentiment improves, this could be an early mover in the rebound. But caution warranted — recent price history has been volatile.
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