RH trade ideas
RH breaking over key rangeRH after pr/earnings report had a large gap in the beginning of September. After that gap there was 0 follow thorugh the gap range just held in a tight box. Today the top of the box has broken and if it can close this way we should get a run to the 80s.
Swing on RHDefinitely would wait for a red candle. This one has a huge upside in it. I would only purchase 8 shares of this one for a $20 risk.
RH on watchRH around critical area of 200 MA and 20 MA lines. Watching for a break above or a rejection and back to downside.
RH- Beautiful Bearish Pin-bar SetupWill look for bearish setups on lower time frames at this time. Love, high time frames with either (Harami, Pinbar or Engulfing reversal candlestick setups). Will be looking to do put option trades and/or sell this stock for rest of July and into August. $70.00 looks great for 1st support area, at this time.
RH Short due to Competition Value and Over Extensive RunAlden Investments believes that this run won't continue for many reasons. The main thing that bothers us with this is the pure overvaluation baked in. Given the value of this company and a 42% short, we don't see this run still going. The reason we'll argue otherwise is simply speculative traders and algorithm trading bots. RH has decreasing margins and we don't feel as if they'll get any better throughout the rest of the year due to the seasonal changes as well as competition squeezing business.
$RH approaching major resistance at 44.69.$RH approaching major resistance at 44.69. Has moved 80% in 7 weeks!
RH Swing Trade (Short)RH has been trading in a channel since June, it is now at the upper level of the channel, I will be watching for a short opportunity.
RH - Long from 30.24RH looks a very good momentum long, it crossed above EMA lines & money-flow is rising strongly.
Ideal entry will be break of recent drop resistance at 30.24. We think it can easily reach up 34 and higher.
You can check our detailed analysis on RH in the trading room/ Executive summery link here-
Time Span: 61:30”
Trade Suggestion Date: 5th Jul
Trade Status: Running (Opened 6th Jul)
BUY $RH at $87.80 TARGET 1 Price: 95.26 BUY $RH at $87.80
TARGET 1 Price: 95.26 Profit: 8.5%
Stop/Trailing Stop: 86.04 Loss: 2%
$RH Breakout$RH has a big test coming up. Was able to hold 18 month support and 50 week MA. Big test will be next week to see if it can break the 20 day MA. If it holds the breakout, buy and look for it to hit $103-$105 at the resistance.
