RLC at major support
Robinsons Land Corporation RLC's downtrend price action brought its price at major support area and potentially forming a Falling Wedge pattern (Bullish). The Bullish Divergence pattern on some indicators also suggest a weakening downtrend and the bottom may be near already (RSI and EFI indicators shown on the chart below). *Major support around 22.80. Trading Plan - Buy the breakout from Falling Wedge pattern. - For a high risk entry, do a position trade near the support area and set a tight stop-loss a few points below the major support (like a breakdown from 22.75).