RFN RFN RFNRFN is currently trading above the 26 period EMA which it historically used as a support/resistance.
The 12 and 26 period EMA has crossed with sellers drying up on the pull back. Gives a potential Bull flag on Weekly chart.
Look for Bear MACD cross on daily for an indication of a further pull back.
Tight stoploss @ 16 and long term target marked with T1,2,3,4 etc.. Relative fib levels should be used a guided profit target levels.
Safer to wait for break of 21 cent on good volume to confirm uptrend.
