If there was ever a thing such as a safe short- I think it would be Rite Aid (RAD)
As shown on a monthly chart, RAD triple topped in 2015=2017 and has been in a decline
every since. It has shed 90% of its market cap in the intervening 6-8 years. Now, it is
fundamentally fighting for survival. This is because as a weaker drugstore retailer and
the rise of...
RAD recently popped in a big way and on the 2H chart is now settled in consolidation
about 67% above the prior base. That is to say, it is in a horizontal channel awaiting
further volume and direction from traders. The bias is for a bullish breakout of
continuation and momentum. Potentially RAD could rise the height of the flag pole
but this seems unlikely...
