Horizontal top with an upsloping bottom on NYSE:RIG . Breakout is upward.
If the price is breaking the horizontal top, price will continue to go up.
If it is not breaking up, then we are at the resistance and you should not buy.
Using Ichimoku we can see that Lagging Span is above the price plus the the current price is above the cloud and the...
Quick analysis about NASDAQ:RMBL .
Why is this chart bullish?
Future Cloud is green
Conversion Line crosses the Base Line
Base Line is upward
Lagging Span is above the Cloud
Lagging Span is above the former price (-26 bars)
All of these elements lead to a strong trend. Even if the stock is a bit overbought.
CDEV may have just finished the 3rd wave and the 5th is coming. With the correction wave that should have the pattern of the Head and Shoulder.
As it is standing above the Ichimoku Cloud and the futur Cloud is green the trend is still good.
Possible Risk/Reward: 7.22 (0. 88% Risk)
Tell me if you have any suggestions! Thanks and happy wave!