Technical Analysis
Monthly William %R was oversold and now crossing above -80 zone
Weekly RSI crossing above 50 and looking ready to curl upwards.
Risk/Reward 1:1.9
Price Target
Buy between $6.50 and $7.20
Analyst Price target: $9
Fib Level Price Target of $7.85 -$8.72 (+9% to +20%)
I have not heard of $RMNI before and it is just crossing the $10 mark. But what a setup. Looks extremely strong.
Putting in a shelf after breaking out from a 5 months head and shoulders base.
Rimini is on a strong upward trend, still trading below overbought, numerous price action dragonflies supporting an upward trend which is also confirmed by diagonal. Recent resistance broken waiting to see if $6 is tested.
First off, please don't take anything I say seriously. As always, this is on opinion based basis and not meant to be take as financial advice. That being said, I think RMNI is about to have some very positive support and looking like it may be on a positive correlation or a small continued bullish run. A $5.19 target level is optimistic, but quite realistic...
DISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
Artificial Intelligence 3 Days Forecast Report made by Interir.com
The goal is to keep a transparent track record of performance using Artificial Intelligence.
The results of this analysis were:
ANALYSIS PRICE
$ 4.75
POSITION
HOLD
CHANCE OF SUCCESS
90.91%
PRICE TARGET
$4,83
