ROTO is showing good strength and currently trading above previous resistance line. It is in to consolidation phase. It seems like accumulation has been observed in recent sessions. Now as long as it is closing above 279 then ROTO is very strong and available at very good risk-reward. One may expect 12% to 21% in next rally once it comes from consolidation phase.
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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.