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MaryBlossomJ
Aug 15, 2022 8:06 PM

RCMT SHORT 

RCM Technologies, Inc.NASDAQ

Description

RCMT hit its resistance of $28.82 and has now been downtrending for a couple of months. It's breaking below $17.50 today so, I dont see it gaping up. I'm going to buy a PUT at the price $17.50-17.30(safe target price area)

Comment

I do think there will be a bull trap tomorrow since the phoenix indicator is bullish for the next 4 hours. I say try to get in the put around $17.80-18 during the bull trap
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