The index is currently above the 34ema and the 20sma. Current market bias remains up, but possible pullback here is possible.
Possible 5 wave pattern completion. Watch for reversal pattern off the daily chart to confirm.
Monthly chart showing a lot of strength, and current market bias remains up. We are above the important moving averages, especially the 34ema.
Sunday, November 19, 2006
$RLX (Retail Index) Analysis 11.19.2006
Posted by TraderZ at 11/19/2006 09:01:00 AM
Labels: RLX
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