Repco Home Finance has moved up & then retraced back heading into a sideways consolidation.
It looks like the Bollinger squeeze had given a classical Head Fake by moving lower & showing a false Breakout to the downside.
However RSI divergence indicates strong support at lower levels, indicating a counter move to the upside.
Go Long for the Targets of 804/832 with a SL of 730.
It looks like the Bollinger squeeze had given a classical Head Fake by moving lower & showing a false Breakout to the downside.
However RSI divergence indicates strong support at lower levels, indicating a counter move to the upside.
Go Long for the Targets of 804/832 with a SL of 730.
Commentaire:
Bad results. Avoid getting in today. Wait for a significant correction before entering may be within a week/month or so.