Liking the chart for R. In a strong sector showing relative strength. Price has pulled back after a breakout from a broad range. Looking at the green box for an entry. Tight stop below the green box or below the 618 Fib for longer term holds. Targets would be recent high then Fib extensions. As always must have support of broader market. ie do not enter long if the market is weak or selling off.
Comment:
Pulled back into the green box but no entry due to weakness of the broader market. Need the market to reverse before entry.
Comment:
Market too weak for entry.