I want to update my chart for the records. I had to update my support and resistances.
RCMT hit its resistance of $28.82 and has now been downtrending for a couple of months. It's still in the descending phase. It's breaking below $17.50 today so, I don't see it gaping up and going crazy. I'm going to buy a PUT at the price $17.80-17.30(safe target price area) to it's next support of $14.39. I do think there will be a bull trap tomorrow 8/16/2022, since the phoenix indicator is bullish for the next 4 hours. I say try to get in the put around $17.80-18 during the bull trap.
RCMT should hit its next support of $14.39
RCMT hit its resistance of $28.82 and has now been downtrending for a couple of months. It's still in the descending phase. It's breaking below $17.50 today so, I don't see it gaping up and going crazy. I'm going to buy a PUT at the price $17.80-17.30(safe target price area) to it's next support of $14.39. I do think there will be a bull trap tomorrow 8/16/2022, since the phoenix indicator is bullish for the next 4 hours. I say try to get in the put around $17.80-18 during the bull trap.
RCMT should hit its next support of $14.39