Rain Industries - Bottoming Out
Another candidate which could be bottoming out. Have found a workaround to the SC ban on its raw material. Capex complete.
Technically stock is making higher lows and has consolidated for a long time after the steep fall. On the weekly the RSI has a triple positive divergence as well. Could soon potentially beakout of this range and once it crosses the 200EMA it could go way higher based off its current low PE.
Technically stock is making higher lows and has consolidated for a long time after the steep fall. On the weekly the RSI has a triple positive divergence as well. Could soon potentially beakout of this range and once it crosses the 200EMA it could go way higher based off its current low PE.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.