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REL trade ideas

RELL (RELX PLC) RELL offering a good buy opportunity with very little room for downward movement (based on previous price action). While the Trendline break on 11th October indicates a sell, It was caused by the downturn in most public stocks during the Month of October, and is being viewed as a buying opportunity. It remains below most moving averages (50, 100) meaning there is a lot of room for bullish price action, and previous highs support this. Oscillators support a bullish trend, however they also indicate a short term move to the downside (an estimate of 3%).
LSE:RELLong
by toby.anderson.ta
RELX (NL): Continuation PatternThe consolidation pattern (triangle) on the daily chart has formed just above the cloud support on the weekly chart. Triangles are often - but not always - continuation patterns, especially when forming within a strong trend, in this case a down trend. In other words, we expect the triangle to lead to more weakness over the coming days and weeks. Dipping below 16.40 completes the pattern and will subsequently extend the down trend towards 15.35 and 14.65 after that. Note that such a decline will also lead to a convincing move below weekly support levels and thus ring in a longer term corrective phase as well. Weekly indicators are already weak and full of divergences, so the total bias is certainly concentrated on the down side. Above ~17.45 things return to neutral and uncertain. EURONEXT:REN
EURONEXT:RENShort
by buyem_nl