Kijun Sen Cross on RWM

The long green candlestick called Marubozu may signify a reversal for RWM after it hit the 78.6% Fibonacci Retracement level. This leads us to speculate that RWM may continue to move up and reach the 127.2% Fibonacci Retracement level following this bounce. Current resistance is at 9.72 per share. On our daily chart, saw last Friday how RWM registered a bullish signal via the Kijun Sen Cross.

RSI or Relative Strength Index is currently at 52


Leave a Reply