This is my first 2nd-month trading and 1st post please take with a gallon of salt. I used three pitchforks to track resistance and support: Original, post-COVID drop, and after protests. Just before the protests the stock price realigned for the two pitchfork projections restoring normalcy then spiked due to protests and passed 52 week high. The 5/13/20 week...
Sturm, Ruger & Company is on the verge of a breakout on the monthly chart. The stock has been consolidating on the monthly chart since 2014 (6 years). A break above $74.19 could set up for a longer term run higher!
Contextual immersion trading strategy idea.
Sturm, Ruger & Company, Inc., together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks...
$RGR has been doing pretty good the past few months just went over a monthly resistance. Looking to test $65 then $70.
ER is $70 I truthfully think this is an actionable trade.
redline is stoploss for bulls, and point of entry for bears IMO
MAKE THAT MONEY
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I love holding Sturm Ruger stock, and it returned me a cool 30% last time I held it from buying at $50 and taking profit at $65 after the Parkland shooting. RGR has an inverse relationship with news media sentiment for the firearm industry because they're customers are driven by fear as much as enjoyment of owning and operating firearms. Every time the news...
RGR could rebound afte correction. It could fill the gap after ER (Aug 02) to 56 USD in few weeks/months. Stoploss under 45 is must have, to many political risk, but fundament seems pretty solid.
Rejections from resistance zone showing big players stepped in the market in the market ready to sell, shift in sentiment came from the big drop that breached major support. Broke trend line from the two latest valleys. take profit, highlighted area has made many transactions so as price drops to this area depending if there are visible signs of a significant...
The uptrend line was broken at the end of August and is now retesting that broken trendline.... I would short RGR here with a stop loss of $67 and first profit level near $55.
RGR had some beautiful move recently with good volume. It looks like a fallen angel pattern. EMA lines crossed upward & moneyflow is accumulating.
If it can cross above MA50 & moneyflow breaks to the positive side, it can easily go to 64 or higher
You can check our detailed analysis on RGR in the trading room/ Executive summary link...
