There's something good about to happen here! 🤞
We have a trading range in the 30min, between the 60.46 and the 58.76.
When we look at the daily chart, we see that RDFN is slowly accumulating, and we are near the support at 56.23 and the 20ma. The BB are getting tight, and if RDFN breaks the 60.46 there’s a good chance it’ll hit the 64s.
This could be the beginning of an impressive movement next, leading to the 72.85. Just in case, I’ll watch the supports mentioned, as if RDFN loses them, it’ll probably drop more. But I this well see a bullish movement after this accumulation.
A breakout from the 60.46 will be the first step to confirm this thesis.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
When we look at the daily chart, we see that RDFN is slowly accumulating, and we are near the support at 56.23 and the 20ma. The BB are getting tight, and if RDFN breaks the 60.46 there’s a good chance it’ll hit the 64s.
This could be the beginning of an impressive movement next, leading to the 72.85. Just in case, I’ll watch the supports mentioned, as if RDFN loses them, it’ll probably drop more. But I this well see a bullish movement after this accumulation.
A breakout from the 60.46 will be the first step to confirm this thesis.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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