Week 5 of decline · confirmation week closed bullish
RELX: double bottom signals caution as week closes higher
Week 5 of decline · confirmation week closed bullish
In Summary
RELX is at week 5 of a sell signal, with the trade up 1.90% from entry. The last 2 weeks showed consistent selling pressure, but the confirmation week closed bullish and a daily double bottom in the 2320 area introduces a note of caution for those holding a short position.
IQS Phase
54
ordinary
Signal Strength
64
moderate weekly drop
Sizing
STANDARD
Ranking
#42 / 54
EU-UK stocks
Trade P&L %
+1.90%
from signal to today
restricted Platinum content