Buy the dip on Redhat Long

Description

⋅ May 17, 2018 5:40 PM

Red Hat is currently in a strong uptrend. The 50-day moving average is acting as a strong support. Most likely bounce off the 50-day, which would be a great buying opportunity.

Chart Patterns

Comments

erfrerd

⋅ Sep 27, 2018 7:23 AM

is it good to buy now, how high or low will it go?

mistrykam

⋅ Sep 27, 2018 12:51 PM

@erfrerd, Definitely in a short-term channel, bouncing between 130 to 150. I would be bullish if it could clear 152.