David_CMT_CFA
Long

Strong upside with RH

RH (NYSE:RH)  
NYSE:RH   RH
178 1 0
Stock filled gap, multiple confluence support, bullish divergence , low risk entry point

Upside target 90ish in 2 months
David,

Nice work on this. I was wondering if you could elaborate a bit on the "bunching of MA's" - specifically the MA's 55, 89, and 34 as seen in your chart. Does this apply to other MA's and what makes it so significant?

I notice a similar bunching back in late April which turned out to produce a nice move higher in RH as well. I know it should be coupled with other signs of strength, but thought I ask since in all of my reading and analysis, I haven't been able to find a good "why" explanation to understand the logic behind it.

Thanks,

Adam (MainStInvesting)
Reply
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