RYI trade ideas
$12.50 needs to hold before it can move up to $16After the earnings miss on March 13th 2017, RYI has recovered nicely by finding support around $10. Right now the price has peaked above the past three month resistance and we want to see if it can base above that channel next week by holding $12 as a support. If the demand continues, next target of $14 and $16 is likely to be tested.
Read more at : blog.buysellshortcover.com
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the RYI if it trades at 4.92 or higher. If triggered, place your stop at 4.34 and exit the position for a profit at 5.39 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com