Directly from VF traders desck: RXL.FR sell

RXL: descending medium traffic.

Price around dynamic resistances (MA`s) and under diagonal resistance.

MA`s in bearish formation, as the price tests the 25 period and decreased underneath and under it the 13 period – a signal for new descending momentum.

Correction gives good places to sell in the direction of medium short.

CCI is below 9, which confirms our expectations for reduction.

Price action analysis: formation: Evening Star – reversing motion correction is most likely over.
sentiment : companies in the business sector continued to suffer a fall , expectations continue to decrease.

Stefan D. Angelov – Head of Stocks Trading

 Varchev Traders

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