Pulled out some stats on the saucer ,if the RDN SP went back to the neck line it would have to be a buy "if" because for RDN to reach there it would have to be genuine,have to show caution. Anyway bring on some announcements,might get there.
Cheers
- In 62% of cases, the pattern indicates a bullish reversal.- In 86% of cases, the price line breaks the neck line upward.- In 95% of cases, the bullish movement continues after the bullish break in the neck line.- In 40% of cases, the price makes a pullback in support on the saucer pattern’s neck line.- In 57% of cases, the recommended price objective is achieved (height divided by 2).
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
,if the RDN SP went back to the neck line it would have to be a buy "if" because for RDN to reach there it would have to be genuine,have to show caution.
(20min delay)