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TaPlot
Aug 6, 2020 10:52 PM

REAL forming 3 month #rectangle #chartPattern #breakout Long

The RealReal, Inc.NASDAQ

Description

NASDAQ:REAL has been trading in a trading range for the last 3+ months forming a rectangle pattern. The stock price is stilling right under 3 resistance confluences (200 MA, Weekly downsloping trend line, and rectangle resistance). A breakout above these 3 levels will set the stage to a leg higher and a trigger of a long trade. REAL reported earning this evening 08/06.
Comments
JimmyNeedles
Looks good
TaPlot
@JimmyNeedles, tested all 3 levels of resistance on Friday on good volume and closed right below that level. was watching it hoping for a close above. next week should be interesting for this stock.
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