Murray Roberts closed above previous resistance and RSI crossing the 30 scale upwards indicating a possible reversal. The hammer type candle (25 May), indicates after a strong opening above resistance with sellers trying to push the price back down but strong buying pushed the price through key resistance to close 16.53% higher for the day (short wick above with long wick at bottom). Traders should first confirm that strong buying is maintained in next sessions before considering a long position. Should this be confirmed with strong support at 437, possible next targets 488 and 561.
Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
Disclaimer: My analysis should not be construed as financial advise. Share trading is risky and unpredictable at best. I'm just sharing what I see.
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