[isatrader]

Is Rightmove moving into a good place to short? I'll not try it for real but I will have a go in a dummy account.

RMV.L is in Stage 3 and is testing the breakdown area from the previous most recent swing lows, and is now below the 200 day MA as well. The 30 week MA has begun to flatten slightly, and the relative performance has broken below the zero line, but it's still a reasonably small Stage 3, however, this is less of a factor when there's broad market weakness also, so there's a chance it might turn into a Stage 4 decline, for which it would need a weekly close below the January swing low imo. But the 200 day area is also a place where institutional investors like to buy, and so you also often see a swing low form below it, and then a rally back into the Stage 3 range. But if the stock is still weak, then it won't get much follow through and will then collapse again and make the move into a Stage 4 decline.

I hope that helps