RBTZ ETF AX @ CRISPY POTATOWhat's happening in April 2022 and beyond, there is a decent probability of bear continuation
On the month of this RBTZ in April, which has been a total Bear candle, but ain't over. Looking at March, one could be mistaken in thinking this ETF would reverse. That said, if April produces another candle and decent tail then this would indicate some potential. So for now this stock is totally bear on the Month chart.
Let's sink into the weeks to see what is happening. In a nutshell, bear bear bear. Have a squiz at the last correction. It produces two doji and then headed straight down. This ETF is going to be approaching an area where there are many resistance spots so this ETF will likely get choppy if it goes sideways.
Looking now at the Day chart, the bear rally has just broken another support line. There is a spike in selling volume on 12 April that indicates more selling pressure.
This ETF looks to continue its downtrend for the short term and the long term
