RAYMONDLSL - After a 5 month long consolidation now breaking out.
- This is looking like a stage 2 breakout.
- Relative strength turned positive.
- RSI is above 70 indicating very high momentum
- Volume is also very good on the break out candle. Also we can observe that volume is higher on the green candles and lower on the red ones.
- Today it closed above its 100 day exponential moving average as well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.