JN_Wealth_Management
Short

RMG - Selling at trend resistance

LSE:RMG   ROYAL MAIL PLC ORD 1P
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Royal Mail Group ( RMG ) has rallied into multiple resistance levels and appears to be rolling over to the downside.
LSE:RMG

The shares have formed a range pattern on the daily chart and are now trading at the upper end of this pattern.

With the medium term trend remaining firmly bearish , we look to use this as an opportunity to sell.

Our trade today is to sell at the open

Stop loss at 452p
Target at 400p

Good Luck

Grow
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