RGCO about to break out of descending triangle bullishly
Hello Traders!
The bearish triangle of RGCO is about to reach its end and we can expect the price to break out bullishly in the short term, as it did in the past. The MACD is about to cross over the 9 EMA and the RSI is far away from overbought. I expect the price to rise to and be rejected by the 50 SMA at around 24, which is the goal. The buy signal is the price to break out of the triangle bullishly, which is very likely, especially since the earnings are about to be announced.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
The bearish triangle of RGCO is about to reach its end and we can expect the price to break out bullishly in the short term, as it did in the past. The MACD is about to cross over the 9 EMA and the RSI is far away from overbought. I expect the price to rise to and be rejected by the 50 SMA at around 24, which is the goal. The buy signal is the price to break out of the triangle bullishly, which is very likely, especially since the earnings are about to be announced.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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