Trendencies

RAD Long - Let the good times roll!

Long
NYSE:RAD   RITE AID CORP
Areas of interest / buy-zones for RAD (my opinion of course):

The golden pocket retracement of our entire 5 wave structure up (.618-.65) which is between $13.44-$13.27 which also coincides with the Gann Fan support line. My 2nd area of interest is the 1:1.236 extension of wave A within the ABC retracement which would be $13.03. From there I would ladder my sell targets between a .618-.7 retracement of the entire ABC wave-structure down (subject to change depending on where the bottom is) which would be roughly between $15.25-$15.60.

I will post updates on this.

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Thank you
Comment: Touched $13.44 for a split second before reversing.
Comment: Appears to be on wave 5 currently. Good time to start buying in my opinion. If $3 isn't the bottom, the price may make it's way down to the 1:1.618 extension around $12.30.
Comment: Time for the races, lets go!
Trade closed: target reached: First target reached. Target changed slightly as the bottom was near the 1:1.618 extension of wave A in the ABC. Currently on Gann resistance line near $15.20

Good 10% gain today.
Comment: @ $15.20 ^

Comments



Here's a quick updated look of what I'm viewing.
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now is best time buy?
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Trendencies zhangqinghe0304
@zhangqinghe0304, I don't provide "financial advice", but I will be a buyer here - yes.
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Trendencies zhangqinghe0304
@zhangqinghe0304, Did you buy the dip B)
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zhangqinghe0304 Trendencies
@Trendencies, Thank you for your answer. I bought it a few days ago im in 13.47 feel sad
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Trendencies zhangqinghe0304
@zhangqinghe0304, You're in profit now, don't worry!
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zhangqinghe0304 Trendencies
@Trendencies, thinks
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Lets get this bread. Good work!
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