RakeTech will likely follow an upwards short-term trend.
Be aware that RakeTech has a low volume and small market Cap, making it rather risky.
The stock has experienced a golden cross in August 2020, and has been climbing nicely in the trend channel since.
Shortly in November the upper bound was tested, and the price lowered to the limit of the lower bound. This movement was resisted by a support level in 10.30.
The price is now heading towards the price gap experienced in November 2019, with a rising RSI, whereby the price might break above 11.85 and go for 13.05.
Be aware that RakeTech has a low volume and small market Cap, making it rather risky.
The stock has experienced a golden cross in August 2020, and has been climbing nicely in the trend channel since.
Shortly in November the upper bound was tested, and the price lowered to the limit of the lower bound. This movement was resisted by a support level in 10.30.
The price is now heading towards the price gap experienced in November 2019, with a rising RSI, whereby the price might break above 11.85 and go for 13.05.
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