RRD - Long from $17.81 to $19.87
Updated
RRD is forming a fallen angel pattern. Moneyflow accumulating & just crossed in the positive side. It also running through a downward channel & just trying to break. If it can break the channel formation it will have a nice upward move. We would consider a long trade at the breakout.
Trade Criteria
Entry Target Criteria- Break of $17.81
Exit Target Criteria- $19.87
Stop Loss Criteria- $17.12
You can check detailed analysis on RRD in the trading room/ Executive summary link here-
youtube.com/watch?v=MIFne5qVVt0
Time Span- 1:40"
Trade Status: Pending
Trade Criteria
Entry Target Criteria- Break of $17.81
Exit Target Criteria- $19.87
Stop Loss Criteria- $17.12
You can check detailed analysis on RRD in the trading room/ Executive summary link here-
youtube.com/watch?v=MIFne5qVVt0
Time Span- 1:40"
Trade Status: Pending
Note
January 26th - Seems consolidation within a triangle formation We would keep an eye for a while to see if it breaks out. . January 23rd- no longer looking good as a long and we will be talking this off list
January 19th- appears to be rolling over and we will likely take this off our watch list.
January 4th- Went up further & traded close to opening price. Keeping in the watchlist for now.
January 3rd- Went up nicely today but did not hit entry. Would keep in the list for few more days.
December 22nd- Another sharp decline, never hit our entry.
December 20th- declined from MA50, did not trade into opening price.
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