$RLC If its rise today had stopped at the $0.54 target, then pulled back for a slight correction to $0.460 and closed above $0.52, that would have been positive and it might have maintained its positive momentum. But this kind of explosive move is worrying, even though the stock was showing strength and genuine buying pressure came in 👇
Now, if it closes near $0.52, that may be better. Even if Tuesday’s candle is red, it may only be slightly red, with the stock holding above $0.40 👇
In short, a correction is inevitable, but it could be a moderate correction toward $0.52, or a sharp correction that continues below $0.30 👇
Now, if it closes near $0.52, that may be better. Even if Tuesday’s candle is red, it may only be slightly red, with the stock holding above $0.40 👇
In short, a correction is inevitable, but it could be a moderate correction toward $0.52, or a sharp correction that continues below $0.30 👇
