RCAT Head & Shoulders Formation or Reversal?RCAT has completed the formation of the head with a bounce at neckline and is currently on the leg up for the right shoulder formation.
Watching for continued volume contraction as the right shoulder forms for further bearish signals. If instead, volume expands, (especially further than the left shoulder formation), then I will be watching for bullish confirmation of a reversal.
Key signal is volume and market momentum on if this completes a H&S or marks a reversal.
RCAT trade ideas
RCAT: Bullish Breakout Setup Above $13.41!RCAT is presenting a potential breakout opportunity with an entry point at $13.41. Here are the trade parameters:
Entry: $13.41 (yellow line, breakout level).
Stop Loss (SL): $12.28 (below support zone).
Take Profit Targets:
Target 1 (T1): $14.89 (first resistance level).
Target 2 (T2): $16.39 (next resistance level).
Watch for volume confirmation to validate the breakout and capitalize on the bullish momentum!
Red Cat Holdings Inc (RCAT)RCAT witnessed a sharp rebound after forming a higher low at 7.76$, to violate the resistance level at 11.33, and remaining above this level, will push the stock to test the last peak 12.57, which is the level that needs to be violated to confirm the major uptrend, triggering further rises near $13.90, $15, $16.20, and $17 in the short term.
The stop-loss lies below 10$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
Disclaimer: This analysis is for informational purposes only and does not constitute financial, investment, or commercial advice or recommendations.
RCAT: Descending Triangle Breakout Opportunity!RCAT is forming a descending triangle pattern on the 30-minute chart, signaling a potential breakout. Entry is set at $7.32 with a stop-loss at $6.28. Profit targets are $8.53 and $10.02. Watch for a breakout above the resistance line to confirm momentum. Apply proper risk management while trading!
Nasdaq Listed Red Cat Holdings Inc.NASDAQ:RCAT Red Cat Holdings Inc Nasdaq Listed.
Lots of buyers have stepped in pushing the stock up I have the gaps marked looking for any possible pullback entries aligning with next month Dec options. Could keep pumping I am good for entry at 4 if it pulls back. Green arrow is upside potential Red is option expiration pullback. This stock is volatile and has been very low. This is a High Risk Stock! Don't get burned Make sure you look at a long term chart before getting in to this. Similar to NYSE:IONQ Not a Full Port Idea, but everyone needs a little lotto in their life. Have Stop Loss in Place! Gaps are marked so is volume profile. Make your own investment decisions. Not Financial Advice.
Buy Redcat at current levels for a nice payoff. Drones are becoming the must have technology in the military space. They are so critical for the battlefield that having them gives your side a crucial advantage and not having them is basically the first sign of putting up the white flag. Military contracts are on the table for small drone companies and at these levels it's a no brainer to start a position.
The technical side shows a few big green candles accompanied by heavy volume. This is an almost sure sign that things will hest up in the future. Buy now during low volume days and on red days to average down. They won't be here for long.
This is my opinion based on current market conditions and news in the economy and with how tensions are starting to rise for military conflicts. Invest at your own risk. I am long the stock with plans on adding more and not selling for atleast 30 days or more.
RCAT | Very Oversold Condition | LONGRed Cat Holdings, Inc., through its subsidiaries, provides various products, services, and solutions to the drone industry. It offers commercial and government unmanned aerial vehicle technology for reconnaissance, public safety, and inspection applications. The company also provides First Person View (FPV) video goggles; and software and hardware solutions that enable drones to complete inspection services in locations where global positioning systems are not available. In addition, it is involved in the sales of FPV drones and equipment primarily to the consumer marketplace. Red Cat Holdings, Inc.is based in San Juan, Puerto Rico.
RCAT Break OutMost recent candle broke outside of the wedge with relatively high volume and closed above the 200 MA for the first time since March.
Price also closed above the .78 fib level. The ADX is displaying a strong trend and DI+ rising is bullish.
Targets: 2.45, 2.60, 2.92 (possible resistance)
Watch this one fly up to 50% | Drones!Red Cat Holdings, Inc., together with its subsidiaries, provides products, services, and solutions to the drone industry. The company offers First Person View (FPV) video goggles to the drone industry. It also sells FPV drones and equipment, primarily to the consumer marketplace through its digital storefront located at rotorriot.com. In addition, the company offers software and hardware solutions that enable drones to complete inspection services in locations where GPS is not available. Further, it is developing a Software-as-a-Solution platform to provide drone flight data analytics and storage, as well as diagnostic products and services. Red Cat Holdings, Inc. was incorporated in 1984 and is based in Humacao, Puerto Rico.
Not Financial Advice - Just perfecting a process... At the time of this posting, I don't own any positions!
Idea:
Price Target: $2.89 - 3.33 dollars
- Bullish
Pros:
MACD crossed - charts
Increasing volume - charts
Institutional Ownership - fintel. io
Days to cover short positions are decreasing - fintel. io
Cons:
Unconfirmed breakout - charts
Low short interest % - fintel.io
Not Financial Advice - Just perfecting a process... Do you own due diligence before investing!
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