New Setup: RYANRYAN: I have a green setup signal(dot Indictor). It has an good risk-to-reward ratio(RR:). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP).
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Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
RYAN trade ideas
Ryan Specialty Holdings (RYAN): Super Stock!Fundamentals:
RYAN (Ryan Specialty Holdings) is a super stock in my book. The balance sheet is booming off the charts with accelerating earnings and sales. It is in a healthy industry and has great cashflow. Some off-loading of funds for a quarter, but that is probably temporary. 73% return on equity.
Technicals:
Daily:
Technically, on the daily chart, there is a cup-with-handle pattern to boot within a larger weekly cup-with-handle pattern.
Weekly:
Comment:
I already bought it around 55ish and at 49.87 before the breakout based on a higher time frame pullback. Target is 100 by end of year and stop is 41.77.
$RYAN LongWhen I see a the CEO buying large amounts of the company in which they are managing I get to looking into the company. When I look at the technicals for this company. My checklist gets checked, some volume coming in, MACD crossover, EMA 8 closing the EMA 21 and RSI is under the 50. I see a 312 reversal with a gap to be filled, enterprise value is more than market cap, 14% insider ownership and the CEO is recently buying shares. What does the company do? They offer speciality products for insurance carriers. What do analyst predict over the next year? Price of $45-$49 per share. I see a great company that is undervalued at the moment.