Is RLC going to continue its ascend very soon after the consolidation? RLC is currently forming a contracting wedge and the space for price action becomes narrower. This formation may lead to a break for the current formation. Since RLC is generally in an uptrend, there is a greater chance that it will break from [...]
We saw the trend of RLC before it breaks from resistance Will ROBINSONS LAND CORPORATION (RLC) obey its trend line? So far the newly found support has been tested but it seems the bears are not yet done with the test. Currently we have another possible bearish reversal via a Doji with a very long upper [...]
Based on the trend line that we drew last Feb 16 ROBINSONS LAND CORPORATION it seems that RLC will likely to go down soon. Our last candlestick which is a White Closing Marubozu may be partnered by other candlestick that will signal a reversal. White Closing Marubozu can possibly be the first part of a bullish [...]
Looking good at its recent price movement, RLC touched the lower slope and may soon bounce taking the cue from a Hammer (less the upper shadow). RSI at a healthy level currently below 50. Are we going to see RLC touch 25 soon? Our Hammer candlestick which has a low reliability for reversal needs some [...]