Ronald_Ryninger

RF potential to exit sideways channel

Long
NYSE:RF   Regions Financial Corporation
Noteworthy:
  • SPF (linked idea)
  • Earnings 4/23/21
  • Jefferies updated price target to 24 on 4/9/21
  • JPM updated price target to 22 on 4/8/21
Overview:
  • Market continues to be in bull trend
  • Open has gapped previous day close 3 days in a row
  • Volume remains low
  • RSI and MACD giving positive signals
Entry conditions:
  • 4/12 close >= 21.49
Stop Loss:
  • 21 EMA
Target Profit:
  • 22.30 (100% Exit)

Disclaimer
Not investment advice. Thinking out loud in a crowded room.
Order cancelled:
Failed to meet entry conditions.

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