RAD is acting extremely bearishly Printing lower lows is very bearish This is the weekly timeframe and possibly will see a bounce at the price label
This is chart analysis only, the business fundamentals feel distressed to me however this is a meme stock and it can easily run up Buying today under $4.20 seems decent but i think there will be lower lows soon
NYSE:RAD RAD is the Rite Aid drug store chain0 being in healthcare and consumer staples it is relatively resilient in a recessionary context. On the Chart, RAD is at swing lows sitting on support with 25% upside potential. The RSI indicator shows an impending K & D line cross under the histogram. A recent triple top helps mark the resistance while...
A double bottom is forming on RAD which is aligning nicely with prior points of aggressive support 2W timeframe
In this analysis I am suggesting that the downward channel that has formed will break down This breakdown may end at the dotted black line under the channel The green rectangles are historical points of support, currently price is very close to this level I think it will go lower, briefly.
RAD ENTRY = 13.35 - 13.70 1st Target = 14.25 2nd Target = 15.75 3rd Target = 16.90 4th Target = 17.87 HODL Target = 20+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form...
$RAD At an important area of contention. I'll be watching closely for a break above. I'm liking the setup if it can close above resistance.
Hi everyone, to follow up from my last video what an awesome trade. If you held RAD from the mid $9.50's and got in today's announcement with the acquisition we got a 8% upside move. Acquiring a company for 90+million just demonstrates the strength of the company. I mentioned the $10.50s-$11 would come and I would be looking for an exit. I still expect the stock...
Rite Aid got double whammed last week. First with terrible earnings and the next day with a downgrade. The stock has traded the last three sessions with a floor around $9.60s. At open at the stock flushed and quickly hit the high from yesterday before selling off. If you are one for a long, I would hold RAD for a $11 move within the next week. At this price level...
Where are you spending your money during COVID? Where can you get a COVID test? Where do you get your medicine? Where can you go to get a cheap doctor visit? Where can you buy alcohol and tobacco? Rite Aid (RAD) is a yes to all of the above. They aren't going anywhere. The RSI is maxing out (Oversold) on all charts and it is near all time lows. If you want to...
$RAD Rite Aid approaching an inflection point. Risk/reward here looks enticing. Downside risk appears limited. Betting on the trendline holding with 7/17 $15.00 calls for ~$0.80 Target: $16.00 by mid-July Note: Educational analysis, not investment advice.
Is it me or is it CRAZY to see Walgreens is down over 60% in the last 4 years. From a contrarian investors POV this could be signaling a great opportunity to get long and collect dividends while this is trading back at discount prices in the 2000's - 2013 price channel. I have no doubt that Walgreens will be around in 5 years as its been in business since 1901....
looks ready to go - hoping for a pull back on smaller tf
RAD has broken resistance around 13,50-14,00$ illustrated in my earlier post and engaged Elliot wave 5. According to Elliot wave theory, wave 5 will reach near one of the three prices shown on the chart before the 27th of april. Good luck to you all and happy grindin'
MMHVWI - this biotech is breaking accumulation zone.