Similar setup to that last push up with the divergences. That support buying area goes all the way back to a double bottom in 9/2015 + 2/2016. Price also wicked into this area when forming the descending wedge that it is in. I see the first lighter targets getting hit quickly before there is a retrace to find some support before resuming to final targets. Fib...
After the release of good financials on Feb. 24, there is a significant increase in volume in RYAM. Many buyers have entered the market here. This results in a nice setup for a swing trade of several days in the daily chart. The overriding trend in the weekly chart also confirms the current market direction. It is quite possible that already today at market...
RYAM seems forming a flag formation, however it needs to break through its resistance. We think it can go up to $21 are if it can break above $17.54 * Trade Criteria * Date First Found- June 6, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $17.54 Exit Target Criteria- $20.83 Stop Loss Criteria- $16.37 Please check back for Trade...
After the company reported better than expected 2016 first quarter earnings and revenue the price is pointing straight up. From a technical point of view the price in now above double bottom neckline and above 200 MA, showing a possible trend reversal on daily chart. Other details on chart.