GREY:RNKLF - Post by User
Post by
Royal10on Oct 10, 2018 10:47am
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Post# 28772693
Beware of bearish charts!
Beware of bearish charts!
Breakout and breakdown are always suspicious when trading gold and gold stocks. In recent years, all bottoms have taking place after very bearish sentiment and a new low on the chart, performing a kind of divergence. So I expect that RNX will turn up after a false breakdown. Market makers know how to build these kind of situations to profit from weak hands selling at the bottom, when bearish sentiment is taking place!