RANHILL - Pullback Buy Setup?

 

RANHILL Weekly Chart

RANHILL has been in a decline phase since Aug 2019 until it appeared to have transitioned to an accumulation phase in Oct 2022 after making a low at 0.35. It broke above its resistance at 0.48 in Jan 2023 and has since been forming a pattern of higher highs and higher lows indicating it has transitioned to an advance phase.

Last week it bounced off its support at 0.525 with a bullish candle on heavy volume after a retrace from its high at 0.655 creating a potential pullback buy setup. Potential targets are at its resistance at 0.655 and 0.72 with a stop loss below its uptrend line.

Disclaimer: 

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.