Technical Analysis
Oversold - William %R on 1Wk chart below -80% and there are reversal signs of a RSI bounce off the 1Wk 30 level.
1D chart showing consolidation phase happening within the wedge.
We need to wait for the consolidation to finalise and 1D indicators to reset before we have a BUY or SELL signal.
Price Target
BUY side price target...
Rana reached it´s peak in May which was it´s all time high. Note that the stock was noted a couple of months ago which makes technical analysis less predictable. However marked psychology still remains the same as it has ever been, and the analysis is therefore based on the Elliott wave theory.
The stock made a impulsive move in the period between March and May,...
