RECLTD : Possible Higher Highs on strong momentum
RECLTD :
Crossing long-term trend line and trading at 6 years-high levels.
The week on Week - crossing 4 Weeks High and possibly moving to higher highs.
From an indicators perspective, everything in green.
Daily RSI > Weekly RSI > Monthly RSI
20 SMA Daily > Weekly > Monthly
50 SMA Daily > Weekly > Monthly
Daily TF SMA 20 > SMA 50
On Daily time frame SMA 14 > SMA 34 > SMA 55
On Weekly time frame SMA 14 > SMA 34 > SMA 55
The current close is > Weekly Pivot and Monthly Pivot.
From Harmonics perspective :
https://www.tradingview.com/x/WLI2ichm/
Incase of any reversal - short side Entry at 141 should test 132 / 127 levels.
Overall stock is Currently trading with strong momentum.
Crossing long-term trend line and trading at 6 years-high levels.
The week on Week - crossing 4 Weeks High and possibly moving to higher highs.
From an indicators perspective, everything in green.
Daily RSI > Weekly RSI > Monthly RSI
20 SMA Daily > Weekly > Monthly
50 SMA Daily > Weekly > Monthly
Daily TF SMA 20 > SMA 50
On Daily time frame SMA 14 > SMA 34 > SMA 55
On Weekly time frame SMA 14 > SMA 34 > SMA 55
The current close is > Weekly Pivot and Monthly Pivot.
From Harmonics perspective :
https://www.tradingview.com/x/WLI2ichm/
Incase of any reversal - short side Entry at 141 should test 132 / 127 levels.
Overall stock is Currently trading with strong momentum.
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