LSE:REL   RELX PLC ORD 14 51/116P
RELL offering a good buy opportunity with very little room for downward movement (based on previous price action). While the Trendline break on 11th October indicates a sell, It was caused by the downturn in most public stocks during the Month of October, and is being viewed as a buying opportunity. It remains below most moving averages (50, 100) meaning there is a lot of room for bullish price action, and previous highs support this. Oscillators support a bullish trend , however they also indicate a short term move to the downside (an estimate of 3%).

Comments