H&S and 10 EMAAnything could happen next week but per the chart we may possibly have and head & shoulders.
Also notice price breaking down below the 10 EMA with significant volume.
Possible Entry Breakdown of $10.65 (or retest rejection)
Possible Stop Loss Above $10.80–$10.85 (right shoulder / 10 EMA buffer)
Possible TP1 $9.99 (psychological)
Possible TP2 $9.68 (previous demand)
Possible TP3 $9.54 (measured move target from H&S)
Possible R/R (TP2) ~3.5:1
Be very careful watch out for fake outs and use lower time frames, have a nice day.
RSI trade ideas
Rush Street Interactive Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Rush Street Interactive, Inc. Stock Quote
- Double Formation
* (Uptrend Argument)) At 7.50 USD | Subdivision 1
* 012345 Wave Count | Entry Feature Survey
- Triple Formation
* ABC Flat Wave Continuation | Subdivision 2
* Numbered Retracement | Uptrend Bias | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
RSI think I'll go long on this one todayI mean c'mon...as a trader how can you not like a stock with the ticker RSI and a chart that looks like this? Especially right now when everything else is kind of a mess.
As always, while I'm fond of the lovely positive slope of that regression channel (uptrend), it's all about the algo. Not a long track record is really the only knock on this one. But at 152-2 with a buy signal from the algo and this exit strategy, I'm willing to test the waters given the dearth of other decent options out there right now.
RSI's average trade result is almost exactly +2.0% which is solid for this system. Plus, >2x the average SPY daily return is nothing to sneeze at either. You'd also have to go back to April to find a trade of this type that took longer than 3 days to close (12 in a row closed in 3 days or less and 75% of those were 1 day trades).
Lot 1 entry price - 13.90
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
RSI (Rush Street Interactive) - Break out from Local TopRSI is a leading online casino and sports betting company.
Recently, gaming industry stocks such as DraftKings are on the momentum up.
As markets are at all time high, more punters are expected to pile in. This industries tend to come up when we in a bull market. This is more of a thematic play
Targeting 9.50 and I have a very tight stop loss at 5.30.
Still earlyApparently price is forming an inverted HS in the monthly timeframe. It will take a couple of more weeks to be certain about the pattern or probably by the end of the month. This pattern has been forming since September 2022, if it plays out will be explosive. I like this kind of patterns bc are very reliable, may take some time to break out but I feel conformable adding and adding. I'll wait a a little more time to buy. I'll keep you posted, this could be the trade of year.
RSI a great ascent always starts from a small first stepMy advisor MarketMiracle generates a LONG signal for ticker RSI
The title has been sold for months and this could be the first small step towards a very consistent ascent.
For the moment we are content with a target price of 13.10 USD but I am sure that soon will come some new signals.
The graph seems consistent with the forecast
This idea is based on a signal generated by the advisor Marketmiracle, scroll the page to find the link to the free page of the signals of the advisor that you can consult without any cost and without registration.
$RSI- DKNG sympathy play (my way too early prediction)Online gambling and sports betting has lot of growth ahead. ARK picked up shares of DKNG today and you fortunately have an opportunity to pick up $RSI while is receiving from a dip. I saw it bull flagging on the 4 hr chart, monthly candle chart, and an argument that it may be forming a bull pennant on the weekly candle chart. A high price target I see is $35, here is an idea of how it may get there.