Many of us know that GME , AMC , HYMC , BB , BBBY and others generally trade in a strange near identical parity within a given timeframe. I was curious as I've recently done some research into Rackspace Technology 's ( NASDAQ:RXT ) current market situation and market history - in particular a common thread that many mysteriously struggling and now defunct...
If support holds, should retest previous highs- $25+. Would wait for test of bottom support line and 100 EMA before entry.
Rack space - Hit target area exactly...crazy how some people don’t believe in T.A. 24% gain from my entry. On to the next one...congrats to anyone else who got in on that breakout with me. Tips are always appreciated. Cash app $kaptkorea.....😉
All time highs and price discovery mode. Looking good so far. Nice follow thru price action. Coming up on sell targets...congrats to anyone that got in on this one as well. not bad for a few days trade
nice price action so far. next stop is 22.06. not a whole lot of resistance up here since this is a pretty new asset . don't see why we couldn't see a new high 1.618 retrace is around the 27 dollar area. could be a nice one. i'm long since 20.42.
HIDDEN BULLISH DIVERGENCE ON THE DAILY. JUST BROKE OUT OF DESCENDING CHANNEL. COULD GET A BACKTEST TOMORROW AND GET A CHANCE AT A GOOD ENTRY.
Ready to break out to form a shark pattern. Target $22