NYSE:RNG breaking out from a 3 months well defined #rectangle chart pattern to all time highs (ATHs) ahead of its earnings reports later this evening. Add it to you list for a possible long entry after that's out of the way.
Pretty nice looking ascending triangle. Consolidation near the highs for a third time. Window dressing to push this to 300+?
BUY ONLY ABOVE 265.25 TAGET 267.55 TARGET 269.55 TARGET 272.55 SL: 258.55 ITS BIG BUT NO OPTIONS
Hey guys, RINGCENTRAL is in a configuration of either going straight up and going down again little by little where suddenly or going up by doing pull backs, we could break the trend line. Please LIKE & FOLLOW, thank you!
A buy signal is generated. This indicator may be signaling that RNG's price has the momentum to move higher since its current price exceeds the price logged 14 days ago. I may consider buying the stock or exploring call options. I backtested 84 similar cases where RNG's Momentum Indicator exceeded 0, and 71 of them led to a successful outcome. Odds of Success: 85%.
DISCLAIMER: I'm a beginner and this is one of my first attempts at analyzing a trend. If you think my reasoning is wrong here, please tell me. We can see that NYSE:RNG price is currently consolidating, with lower highs and higher lows, and after this consolidation period the price should begin a new trend. Given the bullish history of that stock, the fact that...
RNG pulled back to the 50% fibonacci retracement level today and also tested a horizontal support @ 252. With a potential bullish divergence in the works, it is probably ripe to stake in for the next swing up. Long @ 255 with an initial stop @ 249.50 and an initial target of 292. Disclaimer: This is just my own analysis and opinion for discussion and is not a...