maxmahen87
Long

Pullback of an upward Trend

NYSE:RES   RPC INC
Several points which meets my pullback strategy

- Weekly Ema slowly rising (weekly chart)
- No red impulse for several weeks (weekly chart)
- Daily Price below EMA ( daily chart )
- Daily impulse is Blue ( daily chart )
- Force index (2) is below zero ( daily chart )
- Price pushing back above trend support linen for several days ( daily chart )
- bullish engulfing candle( candlestick daily chart )
- bearish power reduction ( MACD )

- going in at $25
- exit at 2 x ATR ($0.82)

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