$RYI trying to breakout last week but closed in a shooting start day on Friday Volume pattern on this stock is screaming demand overpowering supply If this puts in a couple quite days early next week, It will pull me in like a magnate.
Interesting setup on $RYI * basing around 50 MA after massive volume boosted run post earnings * shakeout down to the 50 MA in September * not a horizontal pivot but dang tight
After the earnings miss on March 13th 2017, RYI has recovered nicely by finding support around $10. Right now the price has peaked above the past three month resistance and we want to see if it can base above that channel next week by holding $12 as a support. If the demand continues, next target of $14 and $16 is likely to be tested. Read more at :...
I'm down 1.2 R on the day. Hoping to lose less than 1R on this trade.
Go long the RYI if it trades at 5.57 or higher. If triggered, place your stop at 4.85 and exit the position for a profit at 6.09 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
Go long the RYI if it trades at 4.92 or higher. If triggered, place your stop at 4.34 and exit the position for a profit at 5.39 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com