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Range Resources

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RRC trade ideas

Range Resources | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Range Resources - Double Formation * Trend Line | Short Continuation * Neckline At 32.00 USD | Subdivision 1 - Triple Formation * Support Template | Long Set Up | Subdivision 2 * 012345 | Template Ending At 38.10 * 29.30 USD | Daily Time Frame Confirming Number | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:RRCLong
by TradePolitics
$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 happens, it will mean a clear next investing points for 2024-2026 years. Everyone, who have enough patience, with a high probability will take achieves. 1 week timeframe: 1 hour timeframe: Does not constitute a recommendation #investing #stocks #idea #forecast #furoreggs
NYSE:RRCLong
by furoreggs
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 energy market, due to ESG reasons and just a general unwillingness to participate in the oil industry The recession fears are bringing estimates of most measures significantly lower but these aspects have already been accounted for in the price I also believe that after the outperformance of the growth part of the market, flows will start circling back from growth into parts of value (energy) Technicals This trade is however more about the technicals than fundamentals The thing that attracted me the most to this chart is the outperformance of RRC (bottom of the daily chart) relative to the energy sector, which has been struggling as of late. Despite the weakness in energy and oil, RRC has been accumulating and building a base The base was finished after stellar earnings, and is currently on the brink of a breakout That would also complete a massive bull flag on a weekly chart All your typical indicators are also flashing a buy, while analysts are increasing their price targets Trade As I already mentioned, we are currently on the brink of breaking higher through a crucial resistance level The stock is currently consolidating and I am waiting for a signal that the price is about to burst higher, where I would happily buy Caveats include mainly a breakdown in the price of oil and fake breakout higher; definitely watch out for these Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NYSE:RRCLong
by jurajholik
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 18P for a .75 credit, Or buy 100 shares at current price and Buy a put 1 strike below cost basis or we can play the long call and Put collar keeping it cheap. High R R is always a popular approach
NYSE:RRC
by ThetaBandits
2
$RRC, cup & handle with a explosion gap pivot play Range Resources Corp is in the exploration and production of AMEX:USO and AMEX:UNG in the US. It was recentlty feature in IBD and got me interested because its good looking cup & handle. Today managed to breakout with a gap. This gap should act as resistance. As the market still needs to prove itself, I won't buy this breakout but the breakout from today's high with a stop loss just below yesterday's high. This strategy is called Explosion Gap Pivot. It uses the gap range as support.
NYSE:RRCLong
by dpuleo19
2