RMG - Selling at trend resistance

Royal Mail Group (RMG) has rallied into multiple resistance levels and appears to be rolling over to the downside.
LSE:RMG

The shares have formed a range pattern on the daily chart and are now trading at the upper end of this pattern.

With the medium term trend remaining firmly bearish, we look to use this as an opportunity to sell.

Our trade today is to sell at the open

Stop loss at 452p
Target at 400p

Good Luck

Grow