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TOPIC: Royal Dutch Shell Corrective

Royal Dutch Shell Corrective 06 Aug 2016 12:16 #1

  • scradley
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This is similar to many of the us energy stocks that we have been watching recently. RDSB has been in a corrective wave after a strong impulse down. It’s a clear sell setup so we’re watching and waiting for it to break the lower trend line. Once that happens we will be watching on a lower timeframe for a consolidation and then sell from there.
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