RCL has broken from its falling wedge trendline (following an exaggerated divergence) and is now consolidating above SMA50,
while retesting the broken trendline.
Prices can come down up to 28.3 levels until it makes the next HH, breaking 31.3 (latest High).
Keep an eye of long consolidation of the counter, RSI trendline breakout will likley to take the prices to next stage.
while retesting the broken trendline.
Prices can come down up to 28.3 levels until it makes the next HH, breaking 31.3 (latest High).
Keep an eye of long consolidation of the counter, RSI trendline breakout will likley to take the prices to next stage.