Review: Price has moved back below the previous all-time high
Conclusion: Since the buyers were not strong enough to hold price above its previous all-time high, we need to stand aside.
Price is back in the large consolidation area so wait for price to break out again before looking for long opportunities.
Any comments or questions, do not...
Royal Mail Group (RMG) has rallied into multiple resistance levels and appears to be rolling over to the downside.
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...