Here are some speculative short- and long-term technical levels to watch for in the stock.
Reliance Global Technical Levels: The short-term, 5-minute chart below shows what short-term traders would call speculative support and resistance based upon the highs and lows from Wednesday’s premarket session.
On the bottom you have what technical traders may call speculative support lines. On the top you have what technical traders may call speculative resistance lines.
The price level at the support lines is $5.40, and the price at the resistance levels is $7.07.
See also:
Ideally, bullish technical traders would like to see a break through the speculative resistance and premarket highs, with consolidation above before a further move up is possible.