RECLTD formed a falling wedge pattern on daily chart. Looking at the angle at which the pattern has formed one can expect a slow climb towards the target. Moreover price has tested multiple support and resistance point that would act as a good support for price when it goes down. Both bullish swing and bearish swing were equal in power so skipping this one. Still a good risk reward but lots of other opportunities out there.
Hope you liked my idea. If you do, please boost this idea or leave a comment below on what you think. I'll be glad to hear form you. Otherwise, happy trading :-)
Hope you liked my idea. If you do, please boost this idea or leave a comment below on what you think. I'll be glad to hear form you. Otherwise, happy trading :-)
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros