August 18, 2011

RCOM near channel bottom

  • RCOM daily has hit a support line.
  • One has to be careful of going long because there is not reversal candlestick pattern in daily or weekly charts.
  • So one can try to trade Rcom from daily charts. Try to stay long above the Blue dotted resistance line.
  • Breaking 74 makes the support and above bullish view invalid.

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