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RDX Technical Analysis

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RDX we wrote: trades sideways in what could be a bear flag, meaning we will eventually break lower again.

We certainly did break lower hitting key support at 1579/75. However longs were stopped for a sell signal targeting 1566/64, 1570 & almost as far as 1550/45.
Today's Analysis
15 August 2019 Updated at 01:21am GMT
RDX bottomed at 1554 but further losses target 1550/45 & 1535/30, perhaps as far as strong support at 1515/10. Longs need stops below 1500.

Gains are likely to be limited with minor resistance at 1570 then strong resistance at 1583/88. Further gains meet a selling opportunity at 1600/04, with stops above 1610.
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Technical Analysis RDX
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