RMCF reaches its bottom
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Rocky Mountain Chocolate Factory Inc. finished yesterday’s session gapping up which should be a strong indication that the stock has bottomed at $10 level. For several weeks bears have had control over the price. However downtrend became slower since the MA ribbon has formed almost single line and has been finally broken up.
Historically the stock is inclined to break up from the MA confluence zones which should be another factor behind a strong bullish move.
Rocky Mountain Chocolate Factory Inc. finished yesterday’s session gapping up which should be a strong indication that the stock has bottomed at $10 level. For several weeks bears have had control over the price. However downtrend became slower since the MA ribbon has formed almost single line and has been finally broken up.
Historically the stock is inclined to break up from the MA confluence zones which should be another factor behind a strong bullish move.
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