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Is RRGB showing downside potential? 20 Day Moving Average Resistance shows up after sliding 1.9%
RRGB posted a 1.9% loss on Thursday, October 16th, accompanied by 0.5× normal trading volume. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 6.59, 6.46 & 6.32, with resistance at 6.86, 7.01 & 7.14.
Current SwingTradeBot Technical Rating of RRGB: C
There’s more where that came from. See all of today’s signals for RRGB here.
Read full article here »