Price pulled back after earnings yesterday even though i think they beat estimates.
I did see a few rising wedges on hourly before earnings and bottom trendlines were broken during pull back yesterday. Appears to be recovering. Price waas also over the top band set on 80 right before earnings which often indicates overbought status.
Short interest is 8.04% which is higher than I thought it would be, but always is a bit high on RL. Negative volume is high.
Possible stop under top trendline of triangle which is now support.
No recommendation.
I did see a few rising wedges on hourly before earnings and bottom trendlines were broken during pull back yesterday. Appears to be recovering. Price waas also over the top band set on 80 right before earnings which often indicates overbought status.
Short interest is 8.04% which is higher than I thought it would be, but always is a bit high on RL. Negative volume is high.
Possible stop under top trendline of triangle which is now support.
No recommendation.
Comment:
Bullish Harami today