ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

Ricardo Price: RCDO Falls, Deepening Search for a Baseline

Share On Facebook
share on Linkedin
Print

The current declining weight has been seen going deepening in search for a baseline in the market operations of Ricardo Plc (LSE:RCDO), following a sharp fall-off after hitting a resistance around 520.

To preserve such opinion, it is probably feasible to assume that the declines will go to hit a support line at about 460 before deciding to secure a bounce-off. A bullish candlestick must form in the mode of that bias remaining in order to provide a signal to locate a way to stake.

Resistance Levels: 500, 510, 520
Support Levels: 460, 450, 440

As the trade features below the EMAs, should buyers on the Ricardo Plc stock market tighten their belts in preparation for taking positions?
In the process of maintaining moves to the downside, trade lines between 480 and 460 are likely going to be points to see an end as the Ricardo Plc shares company falls, deepening search for a baseline.

The oversold area has been entered by the stochastic oscillators, indicating that a drop in the pushing velocities to the decline side is about to occur. The 50-day EMA trend line is directly above the 15-day EMA trend line, which has bent slightly southward. Buyers may need to wait to buy in the interval rather than jumping in as soon as a bullish candlestick appears.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com