NASDAQ:REYN is setting up an interesting long setup inside of its 5 month rectangle trading range.
A potential close above $32 will:
1) break a 2 month down-sloping trend line (dotted red line on the chart)
2) break 1 month rectangle upper boundary resistance (red line on the chart)
3) trigger a high probability long swing trade with a target back to the 5 month...
It could still fail to materialize. Everything is possible when trading, including patterns than never confirm (breakout or breakdown) and patterns that fail before they are completed. NASDAQ:REYN is a good example. This was one of my top watch list stock. i posted about the double pattern developing inside of each other few days back(chart below). Earnings...
NASDAQ:REYN is forming a 3 months continuation inverse head and shoulder chart pattern inside of an ascending triangle chart pattern with $36 acting as a strong resistance level. The price will be breaking into ATHs upon chart pattern completion.
#KeepItSimple
$REYN just got above 50SMA with above average volume. Earning result is ahead. I would expect to reach target price 2 if the EPS beats the expectations
Potential breakout with $34.50 & $36.00 as upside targets
Reynolds Consumer Products, Inc. manufactures and sells household products. It operates through the following segments: Presto Products, Reynolds Cooking & Baking, Hefty Waste & Storage and Hefty Tableware. The Reynolds Cooking & Baking segment produces branded and store brand foil, disposable aluminum...
If you dont know you wont know
extension out from the IPO Open & Close for 20 minute chart in both directions
10x projections both ways for long term utility
hefty bag / reynolds wrap ipo
get a bag
wrap it up
gl hf
xoxo
snoop
