Lots of tech stocks were weak on friday, Rapid7 (RPD) fell too.
On the daily I see a head & shoulders pattern forming.
A strong (high volume) bearish candle which may indicate the end of the uptrend.
On the weekly the stock is still in an uptrend and the doji is showing indecision.
I wonder why buyers stepped in on friday the 22th, and why ...
The stock is currently trading below the value area.
Depending on your risk factor, sell half of the assets in the middle of the area (±17.00), or sell near the top (±17.50).
1) The stock is trading below the value area
2) On the 2017-06-06, almost 3 Millions shared were traded, the big party that bought them will want to distribute them with ...