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joseph_tan
Mar 3, 2023 9:17 AM

Buy RH Long

RHNYSE

Description

Buying the short term bullish of RH
1. As SP500 rising in short term, we take with bullish force to attempt this trade
2. Buying at demand zone, with SL righ below previous swing low
3. It is confluence with trend line at the same time
4. TP at resistance line at swing high

Happy trading!

Comment

there was no bullish candle that appear as entry signal.
And also the price is probably in range moves for past 2 weeks.
So it is no a bullish trade to go anymore.
if price action went below demand zone 234.28, it will enter into short term bearish.
Comments
wardaK
Thanks!. As of today April 15, do you see that it bottomed out and now likely to reverse to the uptrend?
wardaK
Can you update your TA on RH please?
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