REXLot Holdings (555) : Price consolidation

2009Sep-REXLot Holdings Ltd-800x600REXLot has been trading within a range of 0.60 and 0.73 since July.

On the Weekly Chart, we can see that there is a very thick kumo support at around 0.59 with the Kijun sen still trending up.

On the Daily Chart, we can see that it is in a period of consolidation with the price dipping below the kumo support for a while before rallying up against.

For now, it is difficult to confirm if the uptrend will continue as we can see that the kumo support is very thin. However, there is strong support on the Weekly Chart at 0.59

Not vested.

2009Sep-REXLot Holdings Ltd-800x600_Weekly

By iam802

Trend trading with Ichimoku