Huat99
2023-10-22
$Frasers Cpt Tr(J69U.SI)$ Weekly Chart [$2.05]
present a 5 year weekly chart, highlighting past occurrence of RSI dipping below 40
1. week of 9/3/20 , the first dump, extraordinary deep ended sharp rebound
2. week of 26/10/20 , sharp dip of 10% ended quick rebound
3. week of 10/5/21 , dip of 4.6% ended quick rebound
4. week of 27/9/21 , minor dip of 1.3% ended quick rebound
5. week of 26/9/22 , dip of 4.4% , went 37 cents lower from High of first dip candle
6. week of 2/10/23 , dip of 5.9% and ongoing

Latest scenario is more similar to occurrence 5, RSI retest below 40 after a minor rebound, estimating an equivalent 37 cents drop from High ($2.19) of first dip candle

S1 - $1.82 | R1 - $2.13 | R2 - $2.26 @Daily_Discussion
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