AcornWealthCorp

RFP - Flag formation Long

Long
NYSE:RFP   Resolute Forest Products Inc
RFP is forming flag formation with nice positive Moneyflow divergence. Looking very good as long.


You can check detailed analysis on RFP in the trading room/ Executive summary link here-
https://www.youtube.com/watch?v=T2l8ndG-...
Time Span- 5:20"
Trade Status: Pending


Comment: Re-checked the trade & updating trade criteria.

Entry - $5.65
Target - $6.87
Comment: January 30th- It was a strong down day, however it held above stoploss. Wait & see situation.
January 27th- Showing upward momentum, Looking good as long.
January 24th- Survived stoploss by small margin, not looking very good.
January 20th- Sudden sharp decline, but holding to stoploss.
January 19th- Consolidating around entry price, we still like as long.
January 13th- Still holding to EMA lines, and showing strength. Like as long til now.
January 9th- holding its flag well. Added a stop loss criteria at $5.21
January 3rd- Traded upward, hit into opening price & went up further. Looking good as long.

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