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RMG - Looking good to buy?

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8 years 4 months ago #15008 by Paitech

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8 years 5 months ago #15001 by Trendfriend
royal mail - RMG. daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...V4RCisibDCcBuYEA0%3D

This looks bearish, possible early signs of a possible bottom, however this has a lot do, to turn bullish, real upside momentum only on a break on a end of day closing above 420p (falling daily)....being the 200 day ema line, and the mid term trendline...
above 420p>525p area.

Below 400p look for new lows.

400p>420p>525p...

Your looking to buy lower than 366p, i think with the current setup that is quite to happen.... ;)
unless this proves itself by closing above 420p...

atb, wdik, dyor,
trendfriend
The following user(s) said Thank You: Paitech, cautious tone

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8 years 5 months ago #14998 by Paitech
Replied by Paitech on topic RMG - Looking good to buy?
Hi TF, your views on RMG?
I like to buy, but at a lower price than 366p

ta
G

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8 years 5 months ago #14969 by Paitech
RMG is currenlty at 376, but looks like its heading to 366p.
But , if the strike goes on , this may head to 366p, and even below that.
WOuld be nice to thoughts from experts, as I am planning to buy some for long term.
Thanks
G

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