Range Resources Corporation | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Long - swingSmall position, earning out soon. Buy stop limit, only purchase if the stop is not violated first. Trail with higher lows.
Range Resources Breaking Out $RRCOil & Gas stocks are setting up and breaking out all over the place. XLE and XOP are in really nice pullback buy levels. XOM setup and breakout is a tell imo. Commodities acting well. RRC has been sideways for a nearly a year and appears to breaking out of a cup and handle formation. I'm long via De
$RRC has a huge potential for the next 3 yearsNYSE:RRC painted rounding bottom on 1w timeframe, as well as it drew a cup with handle on 1h timeframe. It strictly hitting a key levels on all the timeframes and exactly shows readiness for the next ascending steps.
I propose, we will be able to watch a good long till the end of 2023. If it happe
$RRC, An energy stock that can rock and roll into the new yrRange Resources price action shows strength. It has a great set up to run into the new year and test historical resistance in the 45-50 dollar area. It is levered to oil and natural gas prices which are expected to rise.
Long RRCI am long-term bullish on RRC as I see their bullish flag which if can break above it could make new highs (20-50 days) interesting to watch this underlying.
RRC (Long) - Strong outperformance within the energy sectorFundamentals
The fundamentals are obviously strong after the last year and a half
The revenue and profits skyrocketed as the price of oil went up. All the measures possible are flashing green, whether its EPS growth, ROE, ROA, debt-to-equity etc.
Valuation is still low , just like the wider
Long RRC @ 24.601/3 Position
Natural gas company with amongst the best hedges to protect their revenue and profits during this natural gas downturn. Natural gas also looks to be bottoming @ 2.00.
Entry: 24.60
To add on further pullback
Range Resources Inverse Cup & Handles. Well I must stick to the TAPE, as the Fundamentals show how wrong I was.
I Hope the stock gets support in the BUY Zone where I can ADD to my position.
Enjoy the RISK.
Regards Graham.
RRC Holding the mother of all support Back testing like this always leads to a nasty Move one way or another. I really Like THE 3/17/23 25c TRADING AT 1.15 per contract,. It also has a nice setup for a straight shares purchase. One can even use a Put as a collar. So the trade has a few options. We can go to old faithful and write June 1
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