Juliac

RNG - Ripe for the next swing up?

Long
NYSE:RNG   RingCentral, Inc.
RNG pulled back to the 50% fibonacci retracement level today and also tested a horizontal support @ 252. With a potential bullish divergence in the works, it is probably ripe to stake in for the next swing up. Long @ 255 with an initial stop @ 249.50 and an initial target of 292.

Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
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