REZI price gapped down back in October from 15 to 9.
Since then price has formed a triple bottom at 8.80 area along with a price move up to 12.30 in December. Now for past month price has consolidated around 11.75 area with oscillators falling down toward set up for a turn around move to continue previous trend towards the GAP fill.
I had a test trade at 9.40 back in November once again have my watch list looking for a set up entree point.
11.75 to 15 is a healthy trade therefore dipping toes into these waters again with eye on RSI positioning and any dips in price.
Since then price has formed a triple bottom at 8.80 area along with a price move up to 12.30 in December. Now for past month price has consolidated around 11.75 area with oscillators falling down toward set up for a turn around move to continue previous trend towards the GAP fill.
I had a test trade at 9.40 back in November once again have my watch list looking for a set up entree point.
11.75 to 15 is a healthy trade therefore dipping toes into these waters again with eye on RSI positioning and any dips in price.