XRX can be seen as displaying bullish signs, the real question is is this superficial or will these continue. Volume RSI shows strength, however CVI is steadily declining. A large rectangular bottom has formed, with a bump and run present.
I have been watching this trading range develop during September and it looks like Sibanye is ready to be marked up back to the redistribution trading range. The downward stride has been broken and a shorter term base formed. There has been low volume pullback to Last Points of Supply (LPSY) which coincides with the 50 Day SMA. The Volume RSI has indicated...