Russell 200 attacks ceiling of positive Flag pattern - Analysis - 19-11-2019

Economies.com
2019-11-19 14:01PM UTC

Russell 2000's indicator rose and tackled the ceiling of a positive pattern that formed recently, the Flag pattern, with positive support from the 50-day SMA and the RSI. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance at 1621.40, provided the ceiling is breached. 

 

Expected trend for today: Bullish 

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