Follow me for clean charts and trade ideas this is a runner and we will be watching for this to take off if we can get the break. you will need at least a 15 min close above the top of the wedge How to trade this and my trade idea around this will be covered in tonight's free trade idea webinar hit the link to sign up us02web.zoom.us
Ring Central gapped up on some news of its partnership with Vodafone. I expect it to drop right back down to the price level it gapped up from. (highlighted in red). Although I think this partnership is great and should provide synergies, there is no doubt in my mind that RNG has become way overblown in its stock price/valuation. I see more of a correction to...
Phenomenal historical trends - can be visualized clearly in monthly charts. Just broke out of a long term range from April to December. Are we looking for another bull run?
RingCentral is breaking out of 39 week base after announcing a partnership with Vodafone to provide cloud-based communication services. RingCentral is already producing 30% per month in YoY sales growth. And has steadily gained in EPS with 12%, 14% and 18% YoY growth the past three quarters. This strategic partnership should only accelerate that more. Stop...
We have been watching RNG for a few weeks now waiting for a solid move above resistance at $306. It looks like today's announced partnership with Vodafone might push it above this level. If it can move above here it could see slight resistance at $310 but we feel that the ATH at $317.84 is a more likely target.
$RNG posted its earnings with the PEAD projecting a bullish outlook following a positive under reaction after the release with PEAD placing the stock in Drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Potential long trade in RING as the stock makes a run up into earnings. Very Similar to the breakout in TEAM. Long above $300 Targets $310 - $318. short term. $350 long term. Indicators in a bullish reversal
NYSE:RNG entering breakout mode that is sending the stock to an ATH daily close.