Ringcentral is a Zoom customer. They provide video services, among other things, to customers with a white label version of Zoom that they put their logo on. It should track the same as ZM, which has been overbought and overbought and overbought. But it makes you wonder if it really is overbought. Companies, schools, churches, funerals... everyone is needing these...
- Stock is in a solid uptrend
- Flat top triange breakout
-SL below the triangle bottom, no target in mind , will let the chart tell me when yo get out.
NYSE:RNG
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
RNG- missing publishing for myself off the 20 ma (weekly), it has acted well and hit first target will be looking to continuation with moved up stop. Just my thoughts.
Ringcentral has moved decisively out of its upward channel and begun to form a downward-sloping one (charted here in a very preliminary way). It's a fairly solid stock, and it should find some support in the 101-104 range. That'll be your buying opportunity for a long play.
Good guidance and growth, more importantly they substantiated that the conversion in UC is in its infancy which bodes well for ATGN which is tiny but can go much further and is the cheapest on an eps level compared to all the players. ATGN is also a play on Microsoft MSFT teams. Looks like its about to breakout past $1.00 finally.
