REC LTDLong
Rural Electrification Corporation - Breaking out of Key zones
RECLTD is reacting to a Strong Support level @ 127 level. The price began to trade in a Range at this level, which indicates an incoming Buying Pressure.
Also, the price managed to close Above the 132 Resistance Level, which also indicates the Buying Strength.
So, we can Expect the price to continue in its newly established trend.
A break down below 122 levels could move the price further down. Until then, RECLTD is in Buying mode
Also, the price managed to close Above the 132 Resistance Level, which also indicates the Buying Strength.
So, we can Expect the price to continue in its newly established trend.
A break down below 122 levels could move the price further down. Until then, RECLTD is in Buying mode
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