I want to update my chart for the records. I had to update my support and resistances.
RCMT hit its resistance of $28.82 and has now been downtrending for a couple of months. It's still in the descending phase. It's breaking below $17.50 today so, I don't see it gaping up and going crazy. I'm going to buy a PUT at the price $17.80-17.30(safe target price area) to it's next support of $14.39. I do think there will be a bull trap tomorrow 8/16/2022, since the phoenix indicator is bullish for the next 4 hours. I say try to get in the put around $17.80-18 during the bull trap.
RCMT should hit its next support of $14.39
RCMT hit its resistance of $28.82 and has now been downtrending for a couple of months. It's still in the descending phase. It's breaking below $17.50 today so, I don't see it gaping up and going crazy. I'm going to buy a PUT at the price $17.80-17.30(safe target price area) to it's next support of $14.39. I do think there will be a bull trap tomorrow 8/16/2022, since the phoenix indicator is bullish for the next 4 hours. I say try to get in the put around $17.80-18 during the bull trap.
RCMT should hit its next support of $14.39
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.