Buy RRC 9/12/2021You can buy RRC target 22.39 stop loss 17
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
RRCO trade ideas
RRC[D3] - LongRange Resources (RRC) - Long this hydrocarbon producer starting Spring 2021 on anticipated inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies higher. Now riding the global energy "crisis"" wave much higher yet still. Ultimate price target on the underlying oil and natural gas as well as the shares of oil and natural gas production companies remains as of yet unknown given emergent global energy situation continuing to unfold!
See description (below) for further detail
$RRCRange Resources Corp
Positive Moving Average ... Could be
Targeting 26.50
Close Targets are $22.70 - $23.90
RRC | Cup and Handle Breakout Targets ~$34Traders...
I’m not sure what’s going to happen with natural gas: additional supply-side constraints, increased demand for power generation and/or exports (looking at you Europe), storage depletion, a colder-than-average winter, continued decreased purchasing power of the dollar by increased QE, the realization by the masses that natural gas is the best “clean” power generation source, or whatever may come - but I do know that this chart is screaming higher prices.
Let’s look at the three reasons below as to why this symbol/chart would be a solid investment:
1) Large cup and handle just broke out on the weekly - price target is ~$34 based on the break.
2) Using EWT, since wave 3 was less than 1.618 of wave 1, an “extended fifth” is possible, which gives extra merit to our target.
3) Placing a Fibonacci retracement on the last wave down, using the 0.382 Fib gives a target of ~$37.
RRC - a screaming buy not to be missed out on!
RRC: Cup'n Handle (87%)(WEEKLY)Cup'n Handle on the weekly, not confirmed yet but could be tomorrow.
Indicators setup is nor perfect, but still pretty nice.
If confirmed:
Price target = 32.66$
Stay humble, have fun, make money!
secular bull market in gas: what it could look like for RRCrally could last till the end of the decade.. or more...
someone fartedRolling into more may 21 puts after the complex decided nat gas gets a bid all the way to hot resistance. knuckleheads quickly reversed on the June contract. While I agree burning gas is better than coal for spark, nukes are the best, everyone afraid of reactors so here we be fighting over methane prices. Respect the f ing trend 🤙🏽
gas leakthis thing was pumped & above it's 200D for some time; they need to let the air out and retest some key support levels prior to earnings. Originally wanted a straddle because this thing is perfect for short term put/call legs but the way this looks ill on the chart just asks for a naked put then diagnose in a couple sessions. Another ~7-15% slide and I'll roll into a long dated call with 2x downside hedging. Nat gas isn't the sexy trade going into summer. Risk/reward worth it, thing is trading mental, volume drying up, has no idea where its fair value lies. Likely below where it's currently priced IMO.
raging orgy but we don't need energy?looking to make a quick buck off of institutional stupidity in the face of clean energy nat gas initiatives while boomers continue to shun nuke power plants. Hopefully another boat gets stuck in the Suez, and the entire complex gets a lift.
Owning a few hundred shares and qty 3 May 7 $11 calls.
tempted to sit in the shares and write some covered calls against it, we'll see. generally prefer cleaner exits versus come-to-jesus moments.
RRC very strong PA hereThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please leave a comment or like, i really appreciate it because then my work makes sense :) thanks!
RRC - Super BullishI really like this setup. Great volume pattern over the last two weeks. I think it should get to 11.5 area, which is the 200ma on the weekly.
CUP AND HANDLE SETUPLooking for re-entry here, based on this particular pattern.
I am hoping for a little more of a sell off here, before thinking about taking an actual position.
RRC | ShortNYSE:RRC
Possible Scenario: SHORT
Evidence: Gravestone DOGI bearish candlestick
This is my idea and could be wrong 100%.
RRC long signal.SL close below pink zone. TP in green zone.SL close below pink zone. TP in green zone.
