The Rubicon Minerals Corp (RBY) weekly chart shows the following signs:
The Price of RBY tries to make a bottom pattern for reversal but before 9 weeks cut the Kinjun Sen down giving a bear signal. The last week the Tenkan Sen cut down the Kinjun Sen too. The MACD is on bearish signal and the RSI too. The stock is under the KUMO Cloud. The only think that makes some doubts is the divergence on MACD.
I expect that the stock will continues the short movement that is depended of the XAUUSD movement . The first support is calculated at $0,95.
The Price of RBY tries to make a bottom pattern for reversal but before 9 weeks cut the Kinjun Sen down giving a bear signal. The last week the Tenkan Sen cut down the Kinjun Sen too. The MACD is on bearish signal and the RSI too. The stock is under the KUMO Cloud. The only think that makes some doubts is the divergence on MACD.
I expect that the stock will continues the short movement that is depended of the XAUUSD movement . The first support is calculated at $0,95.
