As we mention in some of our past report that, raymond has taken a support downside.
as per the chart Raymond has created “POSITIVE CONVERGENCE” on chart when it made bottom near 180 level, and after moving above resistance trend line, it able to confirm the good up move at around 235 level.
now the concern is will it able to complete this up move by giving more movement in coming days.
as we can see on chart that recently it has touched the resistance level, which also a “ASCENDING TRIANGLE” in nature with the top near to 300 level.
if we look at the rsi then rsi is still not move in to the overbought zone yet, so if price confirm the up move then rsi still having scope for up move.
so with overall basic reading we can say that if Raymond able to move or close above 300 level then one can buy it for delivery with 250 as sl target can be 360-440-500 in coming days, till the trend and signal is sustain upside.