Reliance, Inc.Long
1/17/25 - RS: new BUY mechanical trading signal.
1/17/25 - RS: new BUY signal chosen by a rules based, mechanical trading system.
RS - BUY
Stop Loss @ 264.20
Entry BUY @ 288.06
Target Profit @ 323.11
Analysis:
Higher timeframe: Prices have stayed above the lower channel line of the ATR (Average True Range) Keltner Channel and reversed.
Higher timeframe: Victor Sperandeo's (Trader Vic) classic 2B BUY pattern...where the current lowest bottom breakout price is only slightly peaking lower than the preceding bottom price.
Higher timeframe: Price peaked below the ATR (Average True Range) breakout low and then reversed.
RS - BUY
Stop Loss @ 264.20
Entry BUY @ 288.06
Target Profit @ 323.11
Analysis:
Higher timeframe: Prices have stayed above the lower channel line of the ATR (Average True Range) Keltner Channel and reversed.
Higher timeframe: Victor Sperandeo's (Trader Vic) classic 2B BUY pattern...where the current lowest bottom breakout price is only slightly peaking lower than the preceding bottom price.
Higher timeframe: Price peaked below the ATR (Average True Range) breakout low and then reversed.
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.