Short

NEW RECLIC INC Idea

112
Hello traders, NEW RECLIC INC is in an uptrend with a sort of marubozu and a return of past purchase volume. By zooming in on the TIMEFRAME M1 we see a marubozu with a high volume of purchase negotiate it goes on the VWAP to test it. Who is on the high of the bollinger then go to the high of the range for a test. It is very plausible to breakout the price with the momemntum the zone to arrive in a second and reach the high point. NEW RELIC is in a bearish breakout gap with the next high (on TIMEFRAME H4) then an adjustment of the first (in TIMEFRAME D1). No possibility of filling the bearish breakout gap + test of the second between and test of the top of the bullish channel.
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