Chart of the Day – RSW

RENISHAW PLC (RSW-L)

RENISHAW PLC continued its descent into new multi-month lows on Tuesday. RSW-L’s share touched 52-week lows after slipping below the range support 3,550-3,650p. With no sideways support underneath, the engineering group’s downside target is at the round number level at 3,000p.

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