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RINGCENTRAL DRN

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R2NG34 trade ideas

RNG - Ripe for the next swing up?RNG pulled back to the 50% fibonacci retracement level today and also tested a horizontal support @ 252. With a potential bullish divergence in the works, it is probably ripe to stake in for the next swing up. Long @ 255 with an initial stop @ 249.50 and an initial target of 292. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
NYSE:RNGLong
by Juliac
1
RNG Long - COVID-19 pandemic BenefactorNYSE:RNG Hello everyone. Here is my first publish. My analysis points to RNG continuing to be driven up when the market re-opens on Monday. The MACD trend is bullish and the STOCH trend signals a position of strength. I expect this stock to drive up to 233+ over the next two weeks. Recent launch of new products, Zoom security issues, and an AT&T collaboration all reinforce my confidence in this company's ability to continue to grow throughout the pandemic. I have long positions of $232.50. Be Effective and Happy Trading, Darell
NYSE:RNGLong
by mykonchince
3
RNG - Buy any dips you see! Ringcentral is a Zoom customer. They provide video services, among other things, to customers with a white label version of Zoom that they put their logo on. It should track the same as ZM, which has been overbought and overbought and overbought. But it makes you wonder if it really is overbought. Companies, schools, churches, funerals... everyone is needing these services! Trump extended social distancing until end of April. Does anyone think that we are all going back to work in May? Let's face it. We are going to be WFH until there is a vaccine. Even if "we" are going back to work in May. There will be many people that won't feel comfortable going to school and work for a month or two maybe longer. Socially we will allow these folks to WFH indefinitely, because otherwise we would be imposing our ideals on to other people, which is against what "we" are about, man... comb.io TL;DR ZM and RNG are strong no matter what. Absolute requirement for business and life as we know it right now. Buy any dips you see!
NYSE:RNGLong
by huxtable
3