RH appears ready to rise from its base LONG

Restoration Hardware on the weekly chart rose from COVID and then retraced for almost

two years. It appears now ready to experience some investor and trader interest once again.

It is rising from the POC line of its long term volume profile. The trend strength indicator just

inflected and curled upward. I like to catch trends early to get as much of a move as

possible and before the chasing begins. This is a possible megacap short squeeze set up.

Targets are 380 and 480 as horizontal levels of importance.


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