Having had the hammer off support and a backtest of the previous support area at 69p, we now need the current level to form a higher low if this short rally is to continue.
The RSI looks promising but until this has that higher low and then a higher high we can't be sure of anything here. I'm still long with my stop just below 63p but I'd really like to see that 69p level taken out now.
The RSI looks promising but until this has that higher low and then a higher high we can't be sure of anything here. I'm still long with my stop just below 63p but I'd really like to see that 69p level taken out now.