ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

Rockhopper Exploration Price: RKH to Slowly Wallow Down

Share On Facebook
share on Linkedin
Print

An obtainable trading trait suggests the Rockhopper Exploration Plc company (LSE:RKH) will slowly wallow down since the stock’s velocity lost the momentum to stay over the resistance of 12 over a couple of sessions. The market will average lower support levels between 7 and 8 if the price breaches 10 to the downside. And the continuation of that could ultimately lead to the production of a bounce-off from close to the previously specified values’ lowest support zone.

Resistance Levels: 12, 13, 14
Support Levels: 8, 7, 6

Will the RKH EMA trend lines be breached violently in the subsequent trading cycles?
A violently-breaching motion in the RKH EMAs to the south side may not catch up while happening as the share is slowly wallowing down around crucial spots. There is a dicey-holding position by the 15-day EMA indicator over the 50-day EMA indicator. The Stochastic Oscillators have feebly swerved northbound through points below the 40 level. That could mean the trade may resort to a short rallying move to test resistance before resuming a decline.

Learn from market wizards: Books to take your trading to the next level

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com