I want to update my chart for the records. I had to update my support and resistances.
RCMT hit its resistance of $28.82 and has now been downtrending for a couple of months. It's still in the descending phase. It's breaking below $17.50 today so, I don't see it gaping up and going crazy. I'm going to buy a PUT at the price $17.80-17.30(safe target price area) to it's next support of $14.39. I do think there will be a bull trap tomorrow 8/16/2022, since the phoenix indicator is bullish for the next 4 hours. I say try to get in the put around $17.80-18 during the bull trap.
RCMT should hit its next support of $14.39
RCMT hit its resistance of $28.82 and has now been downtrending for a couple of months. It's still in the descending phase. It's breaking below $17.50 today so, I don't see it gaping up and going crazy. I'm going to buy a PUT at the price $17.80-17.30(safe target price area) to it's next support of $14.39. I do think there will be a bull trap tomorrow 8/16/2022, since the phoenix indicator is bullish for the next 4 hours. I say try to get in the put around $17.80-18 during the bull trap.
RCMT should hit its next support of $14.39
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.