ASX.RPL – Breaking Downtrend & Reclaiming 200DMARegal Partners Ltd (RPL.ASX) appears to be completing a bottoming formation after an extended downtrend. Price has broken out of the descending channel and just reclaimed the 200-day moving average — a potential momentum shift in play.
🟢 Bullish Setup:
• Price action shows strong reversal characteristics
• Volume uptick confirms interest near support
• Trading above 200DMA for the first time since early 2025
• Backed by strong analyst sentiment: 5/5 analysts rate it a Buy or Strong Buy, with price target avg: $4.07 (+113%)
⚠️ Risk Management:
• Recommend tight stop-loss at $1.59 (below recent swing low)
• Not a high-conviction trade personally — shared due to interest from group
📅 Note: If market sentiment improves, this could be an early mover in the rebound. But caution warranted — recent price history has been volatile.
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.