R Com

R Com
An interesting case
BULL case>> 260 is a good support, also when u take the recent rise from 132 to 348 levels 266 is an FIBO levels. So as long as 260 holds on closing basis BULLS are safe.
Bear case>>There is a probable head and shoulder in R Com as shown in the chart which already has broken down below its neckline, however there is support at 260, so if 260 breaks on closing basis the stock may move to its Head and shlder tgts of 232 and then 214.