RL 10% short
Updated
RL has been rejecting near the bottom of the cloud for the past couple of days, and it just broke past the moving averages. We see it breaking through the top purple line, which has been acting as a support/resistance level dating back since 2010. I think it will move down to ~$84.90 which is where we have been seeing resistance/support action since 2/10/16, and we can also see the sharp chikou on 7/10/19.
Trade active
RL has been trading side ways for the past couple of days. Today we saw the candle go into the cloud and get rejected. I still think the price will be going downwards.Order cancelled
I didn't see the resistance level around $89.18. If i would have caught that, I probably could have predicted a bounce there.
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