50DMA Getting Closer to the 200DMAThe 50DMA continues to converge on the 200DMA. Once the cross occurs expect a significant increase in share price coupled with above average volume.
The MACD continues an upward trend and continues to look strong.
Wavemakers posts on the ‘Cup and Handle pattern’, which RL is currently forming, is another very strong technical pattern for a stock, which mostly results in a substantial increase in the share price.
Basically, from a technical perspective RL is set up for a fantastic ride in the short term.