DEAR ITS READY TO GO SHORT FOR SHORT TERM LOOK AT CANDLE AND OTHER TECHNICAL.
R is now resuming it's down trend after Retrieving up-to 50% Fibonacci level in weekly chart. Entry confirmation will be breaking down of channel in daily frame. Entry: 62 Target: 57.63 We are also looking to Buy Nov16, 62.5 put, Currently trading $3.70
R is now resuming it's down trend after Retrieving up-to 50% Fibonacci level in weekly chart. Entry confirmation will be breaking down of channel in daily frame. Entry: 62 Target: 57.63 We are also looking to Buy Nov16, 62.5 put, Currently trading $3.70
Bounce off Trend line and Reversal Pattern 57.90 trigger bullish watching long term average as resistance
10dma is about to cross-over 30dma in the meanwhile MACD is about to cross-over 0. All in all a couple of days of sideways movement will set Ryder up for higher prices. Broke the down-trend today as well. On Watchlist!
Friends Ryder would have A LOT of levels to pass to get through all the resistances making it extremely difficult for the move. A lot of bullish participation would be expected. And I can't see it happening, thus, getting this set up. A downside move is likely if we see continued bears monday. Can I add, That AT THIS POINT IN TIME, the stock is still in uptrend...