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RH

RH - positive and likely uptrend continuation - cyclic toolsNYSE:RH This time its time to look at RH RH has been moving upwards and forming an uptrend since early June 2019. A quick look on the chart and we can establish a few key support/ resistance lines Support 1 : 218.23 Support 2 : 206.60 Support 3 – 192.12 Support 4 : 171.34 Resistance – Stop buy entry level : 228.72 Resistane 2: 243.84 There seems to be chart formation happening. On breakout above 229, one could expect a continuation of trend Upward Price target- 270 Interestingly, price seems to be making a trough or a intermediate corrections on the trend every 14 days. If this is the case, then yesterdays price close could be a near time low for the 14 day cycle. Next important day to look for is 30th Jan and then 13th Feb 2020 for next low on the cycle. Interesting times ahead given that US and China trade wars seems to be moving in the positive direction Please note this is not an offer to advisory, please consider account size and risk management tools If you like what you see, please share a thumbs up!
NYSE:RHLong
by LoveForCharts
RH - buy set upThis is a continuation of my previous chart. I am providing an update and will do that regularly on this chart as this is a set up stage and we are in a very interesting timezone for this stock. The important number for us to look for closing price on this chart is 219.39 on support and 229.64 for positive breakout confirmation. Price opened at 221.83 quickly fell to a low of 218.22, but the bulls pulled the prices higher and the day closed stronger at 223.28 The area we find ourselves is a strong congestion zone where we have seen price finding a lot of small real bodies floating around signaling lack of control on either side. Traders have felt confused with the lack of clear direction and as expected, volume in this zone of trading has been lower than normal. Lets’ look ahead, I have my eyes on the magic number of 229.64 for a breakout to seek further action for my upside target Target 1 : 244 Larger 2 : 270-275 levels Please share a thumbs up if you like what you see and you could also share your comments in the section below Cheers
NYSE:RHLong
by LoveForCharts
2
$RH 12-1 AnalysisAnother name with Earnings on Wednesday. sitting right now at the 1.5 extension and most likely will stay between 200-208 or so until earnings. Very strong moving stock on Earnings so can be bloody if numbers aren't met, especially here at ATHs. EPS expected to be up 28%. Expecting a drop or sidways movement here. Best option would be Call Credit Spreads January EXP. look to target 184 or so with a continual move down to 165 range after if numbers very bad. Give it time to play out and reset weekly RSI on way down.
NYSE:RH
by BrettSimba