US Stock In Play: $RRD (R. R. Donnelley & Sons Company)$RRD is on its own upward trajectory, ignoring the week's correction major indexes via gaining +25.11% over the past 6 session upon the breakout of its Ascending Triangle chart pattern. $RRD is currently closed at $5.55, a new 2 years high.
With sessional volume over the past 3 days exceeding its 50D average with no exhaustion in buying pressure, $RRD's rally is poised to recapture its major resistance at $6.00 ahead of its 2021Q1 quarterly earnings on 28th April 2021.
$RRD, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. Its Business Services segment offers commercial printing products and branded materials,
RRD
RRD - Could Breakthrough to Big UptrendMA and uptrend started. The real test is soon. Either it will cross over and continue the run or you can short sell it when it breaks under.
RDD - BTC - Bear Bat - Quick TradeBear Bat showing up on 15min chart.
I projected point D and then target price 1 and 2 after that.
RRD Bullish at Support Trendline BounceRRD seems a textbook symmetrical triangle, so why not buy at support trendline for a 40% gain.
RRD - Long from $17.81 to $19.87RRD is forming a fallen angel pattern. Moneyflow accumulating & just crossed in the positive side. It also running through a downward channel & just trying to break. If it can break the channel formation it will have a nice upward move. We would consider a long trade at the breakout.
Trade Criteria
Entry Target Criteria- Break of $17.81
Exit Target Criteria- $19.87
Stop Loss Criteria- $17.12
You can check detailed analysis on RRD in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 1:40"
Trade Status: Pending
