RHI A+ 8.5 Bull Flag Setup

Jun 10

RHI setting up in a tight bull flag — sharp 37.0% pole from $23.59 to $32.32, now consolidating over the last 3 sessions. Holding above the EMAs (also broke above and retested the 200EMA) with the flag low at $30.37. Measured-move target $38.65 on the break, stop under the flag at $30.07.

#bullflag #flagpattern #breakout #pivotpoints

Jun 10

Note

Trigger: $31.73
Stop: $30.07
Target: $38.65 (21.82%)
R/R: 4.2:1

Entry rule:
- Buy on break above $31.73 (the flag high) WITH volume confirming — needs >1.2× average.

Invalidated if:
- If it closes below $30.37, the flag is broken. Skip.

Skip conditions:
- SPY/QQQ down >0.5% pre-market (poor market context)
- Major overnight news on the stock (re-evaluate from scratch)
- Opens above $32.68 (>3% above the flag high ($31.73) — already moved past entry, don't chase)
- Entry bar volume below 20-day average (no participation)

Options too illiquid. Trade shares.

Jun 12

Trade active

Moving well. +3% so far. Looks like it really wants to go.

Jun 23

Trade closed: stop reached

This stopped out at breakeven.