RCOM - Moving High, Clean Breakout from a Downward Trend line
Updated
After trending down for a while, today I observed a clean price action breakout from the trend line, it shows bullishness in price action and it shall continue it to the next resistance level marked as Target 1 and Target 2.
One can go long in this with stoploss at 49
One can go long in this with stoploss at 49
Trade closed: target reached
Trade closed: target reached
Target 2 also reached at 52.80
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.