R2HH34 trade ideas
BUY 1 BUTTERFLY RH 100 20 NOV 20 390/400/410 CALL @1.06 LMTOTM Butterfly for next week. illiquid stock, haven't traded in a while but feel very clear about the set-up.
Daily squeeze, stacked EMAs on 1h and Daily.
RH building a base relative to marketAfter a post-earnings 20% pop in early September, RH has been weathering the storm and building a base, relative to the market. Entering here would require a 12.21% stop based on the 10d ATR (x2.7) and a position size of R8.19.
Stop Loss 12.21% (341.34)
Position Size: R8.19
BUY $RHGreat PEG setup here for $RH. Very bullish consolidation with declining volume. Has had several interactions with the pitchfork, so we can look to the bottom blue line to act as support and the median red line to act as a magnet/resistance. Target = $460 by mid-November as a conservative estimate. Use the white box as an entry point. Good luck!
RH holding at 20 EMA, look for more confirmation of supportRH holding at 20 EMA, look for more confirmation of support. If it can hold here for a day or a few days, I see no reason why it won't hit new highs as it is in a strong up trend.
Symmetrical Triangle Run?Looks like a pretty good setup in my eyes. Could be ready to pop any day now. Lets see what it can bring!
RH Analysis DailyHey people, RH is in a moment of its important history we may have to make a new historic high. Its is in a fake bearish movement with a resetting of sellers, on a large volume of sales throughout the last session. RH is heading towards its last lowest See the TIMEFRAME 1 Min for more precision, it is likely that it breaks its trend support. To breakout the equilibrium zone and start again on higher historical highs, maybe even breakout the new zone again.
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Buy zone and targets for $rhWhat i think will happen to $RH in the next fews days.
(not finacial advice)
$RH: Preparing in a symmetrical triangle to breakout of pre ATHYou might declare this as a "cup" formation. I would regard this as a symmetrical triangle. It has already exceeded pre corona all time high but kind of sticks to it. It oscillates around it. Volume is declining and there for consolidating.
Depending on your preference you can play as a (A) pro-cyclical (momentum) trader or a (B) anti-cyclical trader.
(A) setup:
Target: $ 265 / $ 290 / $ 300
Entry: $ 260
Stop Loss: $ 251
(B) setup:
Target: $ 265 / $ 290 / $ 300
Entry: $ 250
Stop Loss: $ 246
beat earnings still overvalueeventhough it beat earnings this thing is not where it supposed to be. add to that being severly overbought , this name can start to be shorte at the open. make no mistake this parabolioc rally is outstanding. its not of my interest to call tops but this is a reasonable place to open shorts, make sure you are 2+weeks out. at least. good luck
RH - Harbinger of tings to comeEarnings will suck for every company this quarter... expect similar results from virtually every company.
Hopefully the VIX goes down some more so options get cheaper.
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