BUYING RCI Looking for a 5-10% swing trade... if we pass $48 this will become stop loss and turn to a long position.
RCIB trade ideas
$RCI with a bearish outlook following its earnings #Stocks The PEAD projected a bearish outlook for $RCI after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 77.78%.
$RCI with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $RCI after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Rogers Communication RCI.B - Weakness AheadI have been following Rogers Communication for a while watching price unfold as the company has been in the news over the last few months.
Firstly, Rogers would like to purchase Shaw communications which will constrict wireless competition landscape even further within Canada and secondly, they had a serious country wide outage a few weeks back which affected millions of their consumers as well as businesses such as Interac and emergency services. The outage revealed how vulnerable their infrastructure is to being affected as they appear to have less than reliable redundancy systems in place. Management noted they will be investing heavily into their infrastructure so this downtime issue will not happen again. Millions will be spend on their networks which will likely affect stock price.
Looking at the long term monthly timeframe, I see continued weakness in RCI.B after it breached an old Feb-2019 all time high of $73.82 but was strongly rejected with price currently sitting in the middle of the dealing range between $73.82 and $46.81.
Under current price, we have a few levels that I believe price will reach for.
1st target = 56.00
2nd target = 54.70
3rd target = 50.70
4th target = 46.80
Ultimate target for the stock in my opinion is $40.0. Feel free to comment on my idea. Feedback is always appreciated.
$RCI with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $RCI after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 85.71%.
Swing Trade - LongRogers has bounced off the 200EMA & 30 RSI level a few times lately, looking for a repeat here.
I'm looking to confirm a reversal and grab some calls. I think I'll go with a 2 week expiry, looking to hit PT1 or 2.
Going for a month expiry might give you enough runway to reach for PT3.. but I think the theta cost outweighs the chance of hitting that target.
PAY to ROGERS COMMUNICATIONS DailyHey guys, ROGERS COMMUNICATIONS is in a fake bearish trend with a return of buying volume and a refusal from the sellers. Looking at the TIMEFRAME M1 we see a dash with a large volume of purchase that tests the stabilization zone doing a pull back. Great possibility of breaking out the price then at the same time the zone to reach the next high. Then excess on the top after (on TIMEFRAME D1) excess on the last top (on TIMEFRAME H4) two excess and an addition (on TIMEFRAME H1). Not enough force to test the last high point of severe panic at the sight of TREND BASED FIBONACCI EXTENSION.
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RCI: Sort OpportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement close to 50.00% of Fibonacci retracement.
Price is likely to oscillate within the parallel channel.
Market is currently closed. No market activity presented so far. We ll try to find an entry price between 53.93 - 54.22 just after the opening bell.
Furthermore, a complimentary "If Done" analysis that maximizes exposure to risk, but at the same time exchanges acquired profit to zero losses in order to double initial profit.
DETAILS ON THE CHART
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST SUCCEEDED PERFORMANCES
NOTE: "IF DONE" ANALYSIS, WHEN PRESENTED, REFERS TO 80% OF THE RECORDED BACK TESTED PAST SUCCEEDED PERFORMANCES.
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
Rogers Communications Inc. Toronto Stock Exchange Below is a graph detailing Rogers Communications' stock information over the past year.
RCI.B: Symmetrical triangle pattern, Bounce off support ... LongRCI.B.TO
Short term (1 mth): Long
Long term (1-3 yrs): Long
Canadian Telecom's have been underperforming in 2014 especially in the last couple months. Rogers has been the worst performer of the group trading at a significant discount to Telus and Bell because of slowing growth in recent years (Rogers' Net Income actually declined in 2013). With a fat dividend yield over 4%, strong consistent Free Cash Flow, and a sector that really doesn't have much competition I like Rogers over the long term and forecast it to at least trade back to valuations equal to Telus and Bell. Currently Rogers trades at a T12 mth P/E of 13, Telus at 19, and Bell at 18. I think this discrepancy is too large and the soft spots of Rogers are not as bad as the market believes them to be. I believe that Rogers will outperform over the next couple years.
With this long term stance, Rogers also appears attractive in the short term, trading in a symmetrical triangle pattern over the last year. Recently bouncing off the support line I have a short term target of $45 and will be watching closely for a breakout near that point.
With all of this in mind it may still be early for me to be calling the bounce off the support. Rogers is trading very near the area of support and if breached could mean trouble. Either way I'm comfortable going long this stock.
