hi everyone please be sure to thank ati_Ebadian for finding this asset. i use multiple forms of analysis to give you my take on what we could see from this asset long term. it'll be a long road ahead but i give you guys potential entries and exits just in case. nothing is guaranteed but without risk there is zero possibility for reward.
enjoy and happy trading guys and gals
Rigo
For all you amazing people please send any donations to my home church at CALVARYPSL.COM they are doing an amazing job over there changing lives. thanks again!
Now that RAD has fallen below $1 with the speculation of bankruptcy.. you think there is still life left in this?
amywu
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Hi Rigo, can I buy option about this one? 2022 expiration year.
FLIPPIN_TIGERKING
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Thanks Rigo for this analysis. So if we are on a technical uptrend why would it drop in the near future to below 15? Aren't we ultimately banking on an uptrend here? Thats whats not clear to me, as that seems like its unlikely to drop in half, isn't that wishful thinking? Are that many people going to take profits, why not ride it? Also if your talking about a retrace up to the 2.618 level what does it matter if you buy at 12 or 22? Why not start with small positions in this stock in case it continues to go climb?
FLIPPIN_TIGERKING
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@FLIPPIN_TIGERKING, Snooze ya lose on this one...totally didn't understand your buy zones...why they were so low!? You still gonna buy when it doesn't go back down to 11 or 12 bucks. Seems very misleading and a confusing strategy when your talking about a stock that you chart going into the hundreds. Just saying...who cares about risk at 20 bucks if you pick up a smaller amount when you see a bullish trend no?
rigorocks
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@FLIPPIN_TIGERKING, As investors, risk management is key to success. For someone to jump into a stock at a level like we saw in RAD would be unwise becaause the stop loss for that trade setup wouldve been at $9. that wouldve been a big hit to your portfolio if it went the other way. when the Risk vs Reward is not favorable its best to look eslewhere
FLIPPIN_TIGERKING
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@rigorocks, I gotcha. I guess I don't understand how a stock that is subsidiary of Walgreens right? How they could surpass that stock price of what... its sitting at 50 or 60 bucks? And the last Walgreens split was in 1999! Its made highs of around a 100 bucks. How and why would this stock go above that? Because of a technical trend? Seems wild and far out there dude!!
rigorocks
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@FLIPPIN_TIGERKING, those prices may seem far out now but with the massive devaluation of the us dollar and the raising of minimum wages around the country we can expect the goods and services to go up in terms of us dollar valuations. This will push asset prices higher ad well.the fibonacci sequence of numbers are found in the building blocks of life itself.these numbers are not bound by any one market.we can use them to tell us the direction of many different subjects.i hope this helps