RWC looked as if it would break above resistance and head for $5.74 in February, but price instead fell back. It is now making another run at resistance and a break and lcose above $4.80 suggests a target of $5.44 to $5.73

RWC 2 April 21

19 February 2021

RWC has been rising strongly in a price channel since March last year. Price appears to be trying to break resistance at $4.80 to give a target of $5.74 - which could be a nice match for the upper boundary of the price channel. Price has made a new uptrend since the March 2020 low and price remains above that weekly trend line.

RWC 19Feb21

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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