TradingView
LDC870
Dec 13, 2018 1:44 PM

RGSE Bounce Long

Description

RGSE bounced off the short-term support trendline yesterday and had a nice uptick in volume, trendline corresponded with the .618 fib level. I'm back in at .58 and will buy more today if it retests support around .55

Trade active

I bought more between 0.53 and 0.56 yesterday. It looked like the descending wedge was about to breakdown but caught a tailwind when it was announced that the CEO purchased 100K shares. News came rather late in the day on Friday and I'm not even sure it made the wire before close, so that might provide some fuel for a run next week.
More