jangseohee

RENT, bearish divergence materialized

BATS:RENT   Rent the Runway, Inc.
2 months ago, i spotted a weekly potential tweezer top in RENT with RSI and MACD both showing bearish divergences.
I was getting greedy and hungry.
The impulsive decision without using smaller time frame incurred some initial losses when price momentarily hit 87.4.
I choose to ignore this minor loss though price has not touched the channel top then.

I had took full profit when price plunged to 50 at opening bell.

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