RBL - A potential Buying Opportunity

RBL has pulled back strongly in 2021 and has potentially found support at the Fibonacci 61.8% level, from where it has bounced off and currently has pulled back again towards the same level. The recent price action suggests that it is a good support level and any bullish price action may be a good sign that price may swing to the upside. I may take a long position once bullish price action is confirmed and will aim for the recent Resistance level of $4.25 as TP1 and $4.70 as TP2.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.