Is ROX going for the kill or create a handle?

ROX went up by 3.1% today and it seems it hit the top of the cup. Will it form a handle or onwards to 7.52 for the bigger cup? Notice that we don’t have any bearish candlestick pattern as of this time so there is a chance it will continue to go up. But if at the market close tomorrow we will see a bearish pattern then we might see ROX to retrace to form a handle around 6.2 – 6.3

Ichimoku elements are still showing bullish sentiment but RSI or Relative Strength Index is now at 81.

Caveat!

The following two tabs change content below.

felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

Leave a Reply

}