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Stock Technical Analysis : REC – Look for sell signal on flip resistance

REC(daily chart) :

Price is retesting 225 layer of flip resistance after a breakout move below the same level followed by a strong downtrend since last few months.We're looking for a price action sell signal on current layer of resistance using 60min & 15 min timeframe to trade in-line with the bearish momentum.Below is the setup chart analysis where i explained the reason of looking for a sell signal in this stock & here is the entry chart analysis of 60min to find an entry in case our strategy triggers.

28.12.2015-1

IOC (Daily & Entry Chart Analysis) : MEMBER ACCESS ONLY


SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

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