Pembelian
RME.TO Forming Rounded Bottom For Upside Move
Long-term uptrend.
Price forming a rounded bottom.
The price has tried to move lower several times already and couldn't, so the move up today looked like a decent trigger to get in. Also, prior rounded bottoms in this stock have only given one opportunity to get in.
3:1 reward to risk. Keeping target near prior high, which is quite conservative. If moving well, may extend that out a bit.
For full details on this strategy, see the Stock Swing Trading Course: vantagepointtrading.com/stock-market-swing-trading-video-course/
Price forming a rounded bottom.
The price has tried to move lower several times already and couldn't, so the move up today looked like a decent trigger to get in. Also, prior rounded bottoms in this stock have only given one opportunity to get in.
3:1 reward to risk. Keeping target near prior high, which is quite conservative. If moving well, may extend that out a bit.
For full details on this strategy, see the Stock Swing Trading Course: vantagepointtrading.com/stock-market-swing-trading-video-course/
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.