Sell signal at a crossroads — confirmation week turns bullish
RELX plc: third week of sell signal, but confirmation turns bullish
Sell signal at a crossroads — confirmation week turns bullish
In Summary
RELX plc is in the 3rd week of a sell signal, but the picture is not straightforward. The confirmation week closed bullish, and discipline suggests exiting existing short positions. On the daily chart, a double bottom in the 2340 area is forming with an 11% rebound. The quality band flags trading as not recommended. The stock ranks 53rd among 54 European sell signals.
IQS Phase
35
ordinary
Signal Strength
2
indecisive week
Sizing
MINIMUM
Ranking
#53 / 54
EU-UK stocks sell signals
Trade P&L %
-7.97%
from signal to today
restricted Platinum content