$NASDAQ:RR Double Bottom Breakout Setup - 50-80% upside
RR looks like it's setting up for a possible breakout.What to look for:
- Pricecloses above the breakout threshold ($3.90)
- Volume is spiking - looking at recent spikes, looks to be ~60++M shares
- Squeeze is expanding in a positive direction (UP!)
- MACD is signaling BUY
- William %R is pushing into oversold territory (~20% or less)
Entry:
Depending on your risk threshold there are a couple of places that I'd suggest...
Current price - more risk, but higher reward ~85% upside
Price after closing above $3.90, less risk, but lower reward ~50% upside
Price Target:
As shown on the chart $5.83
I'm not a financial advisor and I'm not offering investment advice. Please consult with your own financial advisor prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I'm not a financial advisor and I'm not offering investment advice. Please consult with your own financial advisor prior to making investment decisions!
Good luck and I'm always happy to hear from you.
Good luck and I'm always happy to hear from you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.