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ReadCloud Limited

ReadCloud Limited (RCL)

0.074
0.00
(0.00%)
Closed 04 June 4:00PM

Support & Resistance Levels for ReadCloud (RCL)

The data below is delayed by 30 trading days.

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Pattern?id=asx^rcl&size=m&rtopt=1&flags=tprsvcb&delay=30
1st Resistance: 0.12
2nd Resistance: 0.14
3th Resistance: 0.14
4th Resistance: 0.17
  
1st Support: 0.07
2nd Support: 0.05
3th Support: 0.04
4th Support: 0.04
  
Current price: 0.083
Highest price reached: 0.84
Bullish potential: 1050.68% Up



Pattern?id=asx^rcl&size=h&rtopt=1&flags=xsrcbvp&p=s&delay=30


Interpretation*


Cndarrow1 BUY above $0.12. May test resistance at $0.14, $0.14, $0.17. Bullish potential to reach $0.84 (600.00%).
Cndarrow-1 SELL below $0.07 May test support at $0.05, $0.04, $0.04.
  *This interpretation represents one possible way to analyze support and resistance. The potential upside or downside is calculated as the percentage distance from the current price to the historical all-time high or low, respectively. The information provided is for informational purposes only.

Support and Resistance Tool

The support and resistance tool marks key price levels where the stock has historically paused, reversed, or consolidated. A support level acts like a “floor,” where buying pressure often prevents the price from falling further. A resistance level acts like a “ceiling,” where selling pressure tends to stop prices from rising higher.


Why it’s useful?

These levels help traders anticipate where price action may reverse or break out. By identifying supports and resistances, traders can plan entry and exit points more effectively, set stop-loss orders with greater precision, and evaluate the risk-to-reward ratio of a trade.