RAD Swing Trade Setup Long
NYSE:RAD
RAD is the Rite Aid drug store chain0 being in healthcare and
consumer staples it is relatively resilient in a recessionary context.
On the Chart, RAD is at swing lows sitting on support with
25% upside potential. The RSI indicator shows an impending
K & D line cross under the histogram.
A recent triple top helps mark the resistance while an
earlier double bottom shows the support. The order block
indicator provides confirmation.
I see this as nearly ready for a swing-long entry.
What is your opinion?
RAD is the Rite Aid drug store chain0 being in healthcare and
consumer staples it is relatively resilient in a recessionary context.
On the Chart, RAD is at swing lows sitting on support with
25% upside potential. The RSI indicator shows an impending
K & D line cross under the histogram.
A recent triple top helps mark the resistance while an
earlier double bottom shows the support. The order block
indicator provides confirmation.
I see this as nearly ready for a swing-long entry.
What is your opinion?
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