Lauran_Elizalde

REI BUY Swing Trading

Long
AMEX:REI   RING ENERGY INC
-W1 oblique resistance broken
-W1 double bottom
-W1 RSI divergence and neutrality zone broken
-BIG volumes

Wait an H4 retracement before buying in order to have a good timing, you can buy it at all Fibbonacci retracement levels.
But i personally prefer to buy it in the 68.1% retracement in order to have a good risk ratio reward ratio.

Weekly chart :

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