Royal Mail Group - A bottom?

I thought this UK dividend payer might have bottomed around the 400 mark earlier in the year but I was wrong. However, a possible completed 5 wave EW count, the recent bounce on the fib 78.6 and some bullish RSI divergence has me a bit more positive that we might see some decent upside here.

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Got this one right at the second time of asking and it had a very strong run up...... followed by a swift collapse down. I will be looking for support at any of the 3 fib levels to see if it wants to continue it's way up.

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Might have finished it's correction or just wave A but whichever way I look at it reckon there might be some upside here.

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Win some lose some.....

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Time for a rally?

tomj2417

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tomj2417