0KTW trade ideas
RRCRRC is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with a P/E ratio of 11.01, which compares to its industry's average of 11.20. Over the past 52 weeks, RRC's Forward P/E has been as high as 36.06 and as low as 11.01, with a median of 16.33.
RRC: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
RRC with pefectly set target or could be even betterWrite sometning about your psyhology thinking before trade? setup looks fine and I think that this could be a good trade
Describe the trade. What you see? price action was slow down, wick on the candell are the same on the both side volume decrease a little bit there are support line and a see that price can gou pu to at leaset 16,25
nothing to add
F/U on RRCSlanted "W" bottom on the daily. Gives a short term target of 19. May encounter some resistance there. Have a great weekend.
RRC: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
Price is likely to move within the parallel channel having the potential to break it down.
CCI double top divergence waiting to break down the zero level.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
RRC ,Will Be Watch To Buy At $14.35 areaOne of the stock will might be in play for a Friday and will be watching.....larger time frame charts will give you more clues/evidence on any stocks.
Range Resources --- LONGEsperar un leve retroceso en la apertura para entrar largo en la zona 18,90
Ratio rentabilidad/riesgo 3:1
Long term opportunity in RRC (Range Resources Corporation)The share is heavily oversold and the stochastic has broken upwards.
The commodity channel index has also given a buy signal.
The double bottom will be confirmed above 18-17, below 16-81 the share will warn again.
Buy: 18-17
Stop loss: 16-80
Target: 22-22
Possible change in trend on RRCMy first attempt at buying springs at new lows, based on my backtesting, they offer great risk:reward profiles. They don't work a huge amount of the time, but when they work (turn into a change of trend) they more than make up for the losses, plus even when they don't work, we usually get some sort of knee jerk reversal for a small profit (like we did today). Gap down on large volume to new lows on Friday, followed by a higher low yesterday. I believe this Spring has an above average chance of turning into at least a moderate trend reversal because we have been trading sideways since the major gap down (SC-Selling Climax) in early August, and prior to that gap down, there was a 2 month trading range. I think we retest the support level back in June and July at the $21 level. Went long on some short dated $19 calls and longer dated $19 calls yesterday. Sold stock as hedge today, in case spring fails and we resume the long term down trend (which occurs more often than not); but locked in today's profits, and kept myself in play if a moderate to major trend change occurs. Good trading all.
RRC - Fallen angle type quick long from $17.83 to $18.93RRC looks very interesting as long from current label to $19 support area . We will watch this time if it can form a bump & run formation.
* Trade Criteria *
Date First Found- August 15, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $17.83
Exit Target Criteria- 1st Target $18.93
Stop Loss Criteria- $17.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
RRC - Fallen angle type quick long from $17.83 to $18.93RRC looks very interesting as long from current label to $19 support area. We will watch this time if it can form a bump & run formation.
* Trade Criteria *
Date First Found- August 15, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $17.83
Exit Target Criteria- 1st Target $18.93
Stop Loss Criteria- $17.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Sell RRC here with a stop at 22.51Sell RRC and expect a 4.5 to 1 trade. Market pulled back into Market Profile Overhead Resistance. Stock has been under performing SPY over the past 50 days by a wide margin
RRC fall initially and then gain?I think RRc will further fall down and gain eventually? From the graph it feels like that.
