RL ER is supposed to be significantly better post COVID. With positive ER, expect price to move towards, and potentially fill the gap.
Setup
1. Breakout of recent downtrend with growing volume.
2. Support from daily 200MA.
3. Price jumped to daily 50MA and anchored VWAP from last volume spike.
4. Chart Gap
Entry
1. Confiration on current support with loading zone.
Scale out
T1. First support above VWAP
T2. Gap start
T3. Gap end.
Setup
1. Breakout of recent downtrend with growing volume.
2. Support from daily 200MA.
3. Price jumped to daily 50MA and anchored VWAP from last volume spike.
4. Chart Gap
Entry
1. Confiration on current support with loading zone.
Scale out
T1. First support above VWAP
T2. Gap start
T3. Gap end.
Trade closed: target reached:
T1 and T2 reached! failed the gap fill. Earnings report wasn't bad but probably priced in, gap and fade.
