Base breakout for RSA…

RSA’s price formation remains  that of a base breakout - hence, it is still a buy. Technically, RSA is developing an uptrend from the base, a pattern reaffirmed by: 1) rising reaction lows from 110p; 2) rising relative ratios against FTSE100; 3) prices trading above the 50- and 200-day day moving averages; and 4) a ‘golden cross’ is noted [...]