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Sturm, Ruger & Company, Inc.Sturm, Ruger & Company, Inc.Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc.

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RGR trade ideas

RGR 10/14/2023RGR Daily chart analysis RGR experienced an uptrend between March and August 2020. The uptrend was broken in August, leading to a sideways market / distribution stage that persisted for the next two years until August 2022. Following this, the price broke down from the sideways market, entering a downtrend with a sharp move down and finding a bottom at the end of September 2022. A pullback occurred after the breakdown, lasting throughout Q4 2022. The price pulled back to the previous support area, attempting to turn it into resistance and continue the downtrend. Since the pullback, the price has been consolidating in the form of a descending triangle throughout 2023. Currently, the price sits at the resistance area of the descending triangle. Concurrently, there's an 'overbought' signal on the stochastic indicator, and the price is under the 200ema. RGR is presently in a bearish pattern (descending triangle), at a resistance level with an 'overbought' signal, and the previous trend was/is downward (price under the 200ema). These factors collectively suggest a high probability for a short trade. Entering trade short Entry: 54.34 Stoploss: 57.27, -5.39% Target: 40.11, +26.11%, 4.84 RR ratio
NYSE:RGRShort
by rudcharts
3
RGR short term bearish, long term bullish? I only recently picked back up on Wyckoff patterns. This is very similar to a reaccumulation schematic I dug up online. So according to this idea, we will see a dump down to sweep those lows. Ironically this coincides with the November election. That low would be considered the spring, followed by a test and then off to the races in 2025. Is Wyckoff trying to tell us something from the other side? Does this means Trump win is bullish because of 2a rights and people having extra money again, or does this mean that Kamala wins and everyone realizes how dangerous the country is so they all load up on firearms? Maybe the government gets a contract to supply their 87,000 IRS agents with more guns. Stay tuned for the next chapter of this wild movie we are living in. Regardless of what it is or who wins there is a long term, wide range with a descending wedge nearing the bottom in the coming months. False breakdown and recovery of that wedge is super bullish. Wyckoff adds some nice confluence which can help you hold a position if it's working for you and following the plan. I will always watch volume and price action, as well as a handful of other things. This is simply one piece of the puzzle.
NYSE:RGR
by BartChartski
Guns (BLM) during BLMThis is my first 2nd-month trading and 1st post please take with a gallon of salt. I used three pitchforks to track resistance and support: Original, post-COVID drop, and after protests. Just before the protests the stock price realigned for the two pitchfork projections restoring normalcy then spiked due to protests and passed 52 week high. The 5/13/20 week moving average shows the price is still going up today. I believe it will go up to the 5 year high of $76 before starting to go down again. Anecdotal opinion: most people I know use their guns more during the summer possibly also supporting price. It is American to have a gun especially if your town no longer has a police force you can trust (or even has one). Summary: I think you can still buy but will sell above anytime $76 or after July 4th
NYSE:RGR
by Equality7-2521
4
$RGR can rise in the next daysContextual immersion trading strategy idea. Sturm, Ruger & Company, Inc., together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The share price rose after good earnings. I see some preconditions the share price will continue growing. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $60,54; stop-loss — $57,52. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:RGRLong
by KozakHlib