RMG - Looking good to buy?

RMG is currenlty at 376, but looks like its heading to 366p.
But , if the strike goes on , this may head to 366p, and even below that.
WOuld be nice to thoughts from experts, as I am planning to buy some for long term.
Thanks
G

Hi TF, your views on RMG?
I like to buy, but at a lower price than 366p

ta
G

royal mail - RMG. daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...V4RCisibDCcBuYEA0%3D

This looks bearish, possible early signs of a possible bottom, however this has a lot do, to turn bullish, real upside momentum only on a break on a end of day closing above 420p (falling daily)....being the 200 day ema line, and the mid term trendline...
above 420p>525p area.

Below 400p look for new lows.

400p>420p>525p...

Your looking to buy lower than 366p, i think with the current setup that is quite to happen....
unless this proves itself by closing above 420p...

atb, wdik, dyor,
trendfriend

May be a down day tomorrow
www.theguardian.com/business/2017/oct/03...ion?CMP=share_btn_wa

Hello guys,
Anyone keeping an eye on this?
Fallen more than 35%in 2days.
Was thinking 360p a good price, but has hit sub 350this morning....
Thanks G

RMG - Monthly.
uk.advfn.com/p.php?pid=chartscreenshotsh...mEpkavLiB2Eoyp4ejes=

The monthly chart shows the whole trading history of RMG stock.

the current drop has taken the taken the stock below the trading range....so unless we get a close back above 368p.....and then 390p, this is very likely to move lower imho...

So a long at 368p, is ok...but be flexible at around 390p ...but at this moment it does seem as those 2 numbers are support levels that have become resistance imvho...

atb, wdik, dyor,
trendfriend