REXNORD COPORATION (NEW) Prescription Daily

Hey traders, REXNORD COPORATION (NEW) is in a very important moment in its history we can witness a new historical high. It is in a bullish momentum with a hammer candle shape followed by a seller refusal and a large buy volume return issued. The TIMEFRAME makes us watch a sort of shooting star followed by an inconspicuous shadow with a high volume of past purchases, it has come to make a rebound on the top of the stabilization zone making a downward swallowing in nanosecond
to regain strength in order to breakout resistance with conviction.
Great possibility of breaking out the price then then the zone with the current momentum to join the new zone and leave in the direction of the trail of the sellers. With a test of a compression triangle to be expected to reach a new high in its history. Confirmation to go again breakout the stabilization zone before testing the neckline of this session. A Watch
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