BACK TO NEWS FEED

1 year ago

REA Distribution top.

REA   REA Group has confirmed a distribution top in place with a breakdown below the support level of $40.
The Primary trend from 2012 to the high in March 2013 has now matured into a distribution top with the stock now trading at $37.50.
A quick retest of the break down level of $40 occurred and immediately failed.
This is not about the company values being good or bad, this is pure stop loss price action as the holder who brought in the top area are
stopped out and the aggressive traders take technical short positions on the breakdown.

REA