RWM found support at current level?

RWM has so far found support at 78.6% Fibonacci Retracement level. If price will bounce from here, we might see a possible move of RWM to 10.x But before that will happen, the bulls should show what they got first because as of now all Ichimoku elements are in a bearish position. The flat Kumo and the Kijun Sen line may pull the price up to 9.57 per share and after that we need to check if there is a bearish signal from our candlesticks. If none, then price may continue to go up.

If current support will be broken, we might see RWM to hit the base at 8.61

Caveat!

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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.

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