#RTALB Stock Analysis by MyNameisMoney 15.10.2020

Our free technical analysis courses very popular. I continue with my analysis so that you can practice. Since this analysis is the winner of the survey I launched yesterday, RTALB share analysis (RTA LABORATORIES BIOLOGICAL PRODUCTS PHARMACEUTICAL AND MACHINERY INDUSTRY TRADE CO.) I will make it happen.

RTALB, which has been moving in a downtrend since August, has started to generate turn signals. Let's take a step back and analyze this stock.

The first thing that attracts our attention is that although the movement is largely in a rising wedge, the recent shift towards the bottom of this pattern is a situation that makes investors uneasy. Otherwise, we would expect it to complete its triple movement within this structure and test the green-colored price tagged regions above.

The important thing is to see whether these sags are a trap or support the downtrend.

There are 2 formations that remind us of trend reversals. The first of these is the harmonic structure I show in purple color and the MACD positive mismatch that supports it. With the realization of the pattern, it is again possible to test the price indicated in purple.

To summarize, the direction of the stock is down but it signals a turn.

Remember, if there was a continuously rising pricing, nobody would lose. Use my analysis to develop strategy and learn technical analysis.

Important note If you are going to invest 1000 shares, make it a habit not to buy x shares at one price. Fragmented buying is important to keep the cost down. You will not miss the opportunities of possible pullbacks. Think about your investment at least in the medium term, not instantaneously. Take your time, remember our most important motto "patience".

Time is our most precious asset. Therefore, I contributed to you by taking my time. If you do not withhold your shares and likes in return for this effort, you will help me keep my motivation for the next time.

Thank you

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