RYG
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0.00% 3.3¢ raya group limited

Break of Short Term Downtrend Imminent..., page-127

  1. TTrader
    1,010 Posts.
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    12/12/15
    09:31
    Post #: 16599927
    I don't expect this bounce to go very far at all & there is NO confirmed break of the short term down trend at this stage; price has merely bounced to test the underside of resistance & will likely get held up there. The weekly chart is correcting from a strongly over-bought position. Bulls shouldn't get their hopes up IMO.

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    nor.JPG
    RYG Price at posting: 4.2¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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