RUN is in a down trend from ATH. The current set up is a descending triangle that looks to be coiling lower. Resistance has been confirmed three times and a retest of the upper limit is likely. However, it seems more plausible to see a bearish break of the horizontal resistance as the descending triangle is a bearish continuation pattern in the majority of cases. As well, there is hidden bearish divergence on the daily chart.
Fundamentally: earnings could prove to be a catalyst on the heals of the Biden Green Initiatives. However, in reading customer reviews the companies ratings leave much to be desired.
From a technical and fundamental standpoint I am short RUN.
Fundamentally: earnings could prove to be a catalyst on the heals of the Biden Green Initiatives. However, in reading customer reviews the companies ratings leave much to be desired.
From a technical and fundamental standpoint I am short RUN.