Buying in for LONG at $29
Rapid7 Inc. , cyber security company nearing 52w high.
Bollinger Bands and Ease of Movement show bottom and Fibonacci at 0.50 as bottom for buy in at 28.53-29.09 to open LONG.
BEARISH 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. BULLISH On the weekly the stock is still in an uptrend and the doji is showing indecision. UNSURE I wonder why buyers stepped in on friday the 22th,...
1. Tested 20EMA previous. 2. Industry is in Bullish. 3. RR might not look nice, but probably can look into smaller time frame (when market open, to look for better entry)
And below 200EMA. Shorter time frames and oscillators indicating same
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). PRO: 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...