Excellent buying opportunity for RUN
Following a notably strong bearish pressure in the price action of RUN this week, an attractive entry point for investors has emerged in the current market scenario. The confluence of favorable indicators, such as the MACD and RSI, further bolsters the case for entering at this price level. Moreover, our strategic implementation of the Fibonacci tool aligns perfectly, suggesting that the range between $18.32 and $17.69 represents an optimal entry zone, in my expert opinion.
Significantly, the Fibonacci level we are considering (specifically the 78.6% level) coincides with a prior resistance area and also aligns with a 90-day SMA, significantly reinforcing the robustness of this level as a potential support region. As a result, trades executed from this carefully identified zone hold high potential for success, making it a compelling opportunity for prudent investors seeking optimal entry points.
Disclaimer: It is essential to recognize that the "ideas" presented in this report solely reflect my personal opinion and understanding of the market. These insights should not be interpreted as financial advice, and individuals are urged to conduct thorough research and seek professional guidance before making any investment decisions. Furthermore, please be aware that this report is intended for short-term analysis purposes only and may not be applicable for long-term investment strategies.
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.