The PEAD projected a Bullish outlook for $RS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
Reliance Steel & Aluminum Co. ( NYSE:RS ) Sector: Non-Energy Minerals (Steel) Market Capitalization: $11.816B Current Price: $191.50 Breakout price: $192.00 Buy Zone (Top/Bottom Range): $187.50-$181.50 Price Target: $209.20-$210.90 Estimated Duration to Target: 68-70d Contract of Interest: $RS 6/17/22 195c Trade price as of publish date: $11.30/contract
Broke up into ATH (All-time-high) on 28 Feb on strong volume. Have been forming a bull flag since. Buy the next break up of this bull flag as the momentum remains strong. p/s I may also attempt to buy if it retest the resistence turned support level around 179-179 with a tight stop loss slightly below the support. Theoretical "cup" target is around $221. Let's...
$RS in the steel space setting a big 8 months base and now tightening up on the right side. Once that I am watching closely. Solid Earnings and Sales numbers.
STEEL AND ALUMINIUM obvious long term hold 6 months out expect massive returns with fairly good risk
Hey guys, RELIANCE STELL & ALUMINIUM is in a very important moment in its history we can witness a new historical high. It is in a bearish dynamic fake with a water-carrying candle shape followed by a bearish trace and a fake return of traded sell volume. The TIMEFRAME M1 shows a marubozu with an explosion in the purchase volume made it leaves on the base of the...
I have a special place in my heart for this stock as it's the first that came to me when I finally got quiet and asked the Universe/God/Source for ideas. I never heard of RS, and I'll save the details, but I literally received the number 95, and that week it rallied from 91 and hit 94.97 and reversed. I was astounded. So this Sunday I got RS and 97. I wrote it...
25-10-19 RS TRAIL 112.44 LONG 112.91 109.03 3.88
I have recently published a series of bullish articles about-XME. RS-is one of the components of-XME. The strength of this chart speaks for itself - It is one of the metals stocks which is contributing to the strength in-XME. XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis...
This is a stock that also qualifies buy in the dips if price pulls back to lower $60s though it gained as of Friday more than 34% from this year's low, still upside momentum has some energy to continue. Trade less, and save more!