I expect a rise in price on RBC as the right arm of the W pattern is forming.
Tilt your head on a slight angle and its easier to see the W.
Bullish phase.
RBC is seeing incredible growth. I've overlaid the last 4 quarters of sales and earnings growth from MarketSmith on the chart. Any company that can double their sales every quarter for a year has explosive upside.
The numbers of institutional funds who own the stock is steadily growing, and it is owned by some of the best-performing mutual funds including T.Rowe...
No rising wedges in yearly chart
Rising wedges can be bearish and are similar to a triangle except both trendlines slope up . Differs from a flag or pennant as it is a long term pattern and takes at least 3 weeks to form
To me this appears to be pulling back. So possible to catch it closer to long entry level
Entry level is important as it psyches me out when...
