Consolidation or distibution
SRF CMP - 2297
The stock has been sideways for several months now. So the question is , is this consolidation or distribution?
RSI - If we look at the oscillator it has been trading in the bear range through out this phase. It is telling us things are changing.
Conclusion - since the stock is trading in a range. The downside break of the range should be taken seriously. Best is take profits off the table on the upper range of this consolidation.
The stock has been sideways for several months now. So the question is , is this consolidation or distribution?
RSI - If we look at the oscillator it has been trading in the bear range through out this phase. It is telling us things are changing.
Conclusion - since the stock is trading in a range. The downside break of the range should be taken seriously. Best is take profits off the table on the upper range of this consolidation.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.