$NYSE:RS good entry with tight stoplossNYSE:RS market is rotating away from tech and semi. It's will be a good entry here. The stock bouncing up strongly at SMA25.
RS trade ideas
RS Intuition stock longer term shortI've had some personal drama going on lately and just haven't been motivated to journal, but this name has history with me as it's the first ticker that ever came into my head once I tried to actually acquire information from "beyond". That was in 2018 when this was only $92!
I was kind of excited when it came into mind on Nov. 12th with the number of $79.
It triggered my alert on the 1st as it got close, and really didn't go much higher and has now really rejected that level.
I asked about targets and stuff, but think this is really a longer term short as I was getting dates into next June. My mind gives me the number 132 fwiw, but idk.
I'll update if we get to 232 in case that's relevant.
Reliance Steel (RS) WeeklyWhat is not to like about this chart. 30.08 ROE, low debt ratios, good margins and cash flow. Solid trend on weekly, looking for starter entry around the dashed red line or the top of the cloud (198.69).
$RS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $RS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
3/20/22 RSReliance Steel & Aluminum Co. ( NYSE:RS )
Sector: Non-Energy Minerals (Steel)
Market Capitalization: $11.816B
Current Price: $191.50
Breakout price: $192.00
Buy Zone (Top/Bottom Range): $187.50-$181.50
Price Target: $209.20-$210.90
Estimated Duration to Target: 68-70d
Contract of Interest: $RS 6/17/22 195c
Trade price as of publish date: $11.30/contract
RS - Bull FlagBroke up into ATH (All-time-high) on 28 Feb on strong volume. Have been forming a bull flag since. Buy the next break up of this bull flag as the momentum remains strong.
p/s I may also attempt to buy if it retest the resistence turned support level around 179-179 with a tight stop loss slightly below the support.
Theoretical "cup" target is around $221. Let's see if it is able to reach there.
Protect with trailing stops or scale out along the way.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
$RS Large 8 Months Base$RS in the steel space setting a big 8 months base and now tightening up on the right side.
Once that I am watching closely.
Solid Earnings and Sales numbers.
LONG RS BIG+% returnsSTEEL AND ALUMINIUM obvious long term hold 6 months out expect massive returns with fairly good risk
RELIANCE STELL & ALUMINIUM Analysis DailyHey guys, RELIANCE STELL & ALUMINIUM is in a very important moment in its history we can witness a new historical high. It is in a bearish dynamic fake with a water-carrying candle shape followed by a bearish trace and a fake return of traded sell volume. The TIMEFRAME M1 shows a marubozu with an explosion in the purchase volume made it leaves on the base of the bollinger for a test then on its high. What corresponds on the underside of the top of the balance zone it will be checked.
Big possibility of breaking the price with the return of momentum then the zone to arrive in another and make a new historical high. See if the bearers will come and test the top of the zone for pullbacks to take their profits or check the top of the bullish channel continue the movement for Elliott waves.
Please LIKE & FOLLOW, thank you!
RS BUY $97-98 & Can short to thereI have a special place in my heart for this stock as it's the first that came to me when I finally got quiet and asked the Universe/God/Source for ideas. I never heard of RS, and I'll save the details, but I literally received the number 95, and that week it rallied from 91 and hit 94.97 and reversed. I was astounded.
So this Sunday I got RS and 97. I wrote it down but thought it was ridiculous because it's SO much lower! I'm not doing any analysis on the chart. I don't need to.
Anyway, every time I look at the stock today, it's down another 2%. Atm it's finally bouncing a small amount after hitting 106.21 & down 10%.
I decided to write this up because it was at 107 and it triggered my brain upon seeing the 7 that it's only $10 now from my level.
IF history repeats, this thing will be a buy anywhere around $97. Even if it's $97.99. This just happened with LUV and the #51, which it hit 51.85 and ripped.
And there's still enough meat on the bone to short to there if you like.
XME Components Analysis Number 9: RS (Reliance Steel & Alum)I have recently published a series of bullish articles about-XME.
RS-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap.
I believe by showing you some of the individual components of-XME you will understand why I am very bullish towards the upward move in-XME.
Don.
New 52WKH and Chart looks great tooThis is a stock that also qualifies buy in the dips if price pulls back to lower $60s though it gained as of Friday more than 34% from this year's low, still upside momentum has some energy to continue. Trade less, and save more!
