rain industry a revisit.. looks like accumulation just started!!
the weekly picture
a test of supply levels at 150s which is the confluence of the yearly support and the 100week wilder moving average, is likely...
having said that, this might go for a prolonged sideways action, may extend for years or maybe not... this was a post life time 5 waves up carnage , so the next cycle wave to start, might take some time...
worth tracking the fundamentals for the leads...
Disclaimer... not an investing/trading recommendation
a test of supply levels at 150s which is the confluence of the yearly support and the 100week wilder moving average, is likely...
having said that, this might go for a prolonged sideways action, may extend for years or maybe not... this was a post life time 5 waves up carnage , so the next cycle wave to start, might take some time...
worth tracking the fundamentals for the leads...
Disclaimer... not an investing/trading recommendation
Disclaimer
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