$RPL Analysis – Potential Swing Trade Opportunity

$RPL is showing bullish momentum with a significant trendline breakout today. Here’s why it’s worth considering:

Volume Surge: Strong buying interest has pushed the price higher, backed by good volume.

$RPL Near 40: The Relative Strength Index indicates potential for more upward movement, recovering from oversold levels.

Trendline Breakout: A clear breakout suggests a possible trend reversal or bullish continuation.

Trade Setup (Swing Trading)

Entry Point - Today's closing

1st Target Price: $11– The next resistance level where sellers may step in.

2nd Target Price : $13

Stop-Loss: $7.50 – Essential to manage risk in this volatile market.

Important Note: Wait for today’s closing. If the price closes above the trendline and $7.72, it will confirm the breakout and provide a safer entry point.

Key Points to Monitor

Watch for price action near the $11-$13 zone for potential rejection or consolidation.

Avoid over-leveraging and ensure proper risk management.

⚠️ Disclaimer: This is not financial advice but my personal analysis. Always do your own research and trade responsibly!