RHC.ASX Long Term Technical Outlook.

A stock in my watchlist with medium/long term view is RHC.ASX. At present, it is testing a support dating back to 2015.

There is a C target from an ABC correction as shown on the chart. Will that level be tested ? If it did will it find a support and bounce off it ?

It is also important to note that it may be in the process of completing a major top ( H&S Top this may be). Therefore, I would like to see the SELLING CLIMAX in place before  I even contemplate getting involved with it.

Analysis continues.

Monthly chart is courtesy of tradingview.com



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