RRC trade ideas
Entry 33.94 with a $1 stopIdeal upside target is 38 but I'll likely take the trade off when the Daily stochastics get moving towards 50/60.
RRC updateThe bottoming bull H&S price objective has been met. A new setup has popped up and has already broken out measuring to 76.75. I'm cautious here for a few reasons: RSI is not signalling a bull market, price is at horizontal and trend line resistance and there have been sellers in the mid 70's for 5 years. I'm looking to hold this name so I raised my stop to the shake out day low ~66.
Bottoming signs popping upMessy Bull H&S popping up on the daily chart within a falling channel. Volume initially looks concerning. However, my go to volume sig (CMF) points to constructive action. Indicators are positive. Disclaimer: I am long this stock
