Rent the Runway (NASDAQ: NASDAQ:RENT ) has recently seen its stock price soar by over 150%, fueled by positive earnings and narrowed losses. However, behind the impressive surge lie significant risks that investors should carefully consider.
Encouraging Financials:
Rent the Runway's ( NASDAQ:RENT ) fourth-quarter results revealed a total revenue of $75.4...
Rent is in a downtrend like all others. Falling faster than NASDAQ, means further down is possible.
Also, the bounce reached the target level. Further going down to 1.5$ wait for a long entry. Sell now for the short profit.. Bearish till 1.5 - 1.7$
Rent is going to touch 1.74. Easy Shorting!!!
MADC RSI everything is showing the RENT is a dwontrend. As I mentioned in the earlier chart, when a 10-15% green candle shorting option is the best.
So im not big on Hims, rent the runway etc. Anything that rents clothes shoe's or prepackages items for you and mails them out just seems like a data collecting company and then will be sold but this one has the insiders buying and getting closer and closer to the profit zone. got my eye on this one like a hawk
IPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $23,72;
stop-loss — $20,95;
take-profit — $32,03/MOC price.
Do not view this idea as a...
2 months ago, i spotted a weekly potential tweezer top in RENT with RSI and MACD both showing bearish divergences.
I was getting greedy and hungry.
The impulsive decision without using smaller time frame incurred some initial losses when price momentarily hit 87.4.
I choose to ignore this minor loss though price has not touched the channel top then.
I had took...
