SheepTrades

RAD $RAD Rite Aid Descending Wedge

Long
SheepTrades Updated   
NYSE:RAD   None
Massive Descending Wedge in development since September 2022. First time I come across an 8 month pattern of this sort.

Appears to be breaking out from the wedge here. Beaten down as many things have for well over 1.5 years now. Still searching for a CEO, however when they do fill the position it will be a boost to the stock price. Targeting $5 on a "textbook" measuring formula
Comment:
Still waiting for a new CEO, this will not move without any news

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.