RNG
Hello everyone. Here is my first publish. My analysis points to RNG continuing to be driven up when the market re-opens on Monday. The MACD trend is bullish and the STOCH trend signals a position of strength. I expect this stock to drive up to 233+ over the next two weeks. Recent launch of new products, Zoom security issues, and an AT&T collaboration all reinforce my confidence in this company's ability to continue to grow throughout the pandemic.
I have long positions of $232.50.
Be Effective and Happy Trading,
Darell
Comment:
Market demand for RNG has definitely swung the other way. Security concerns with zoom and the markets desire to invest in cloud companies during the pandemic have tempered off. Updated projections for RNG not to get hit $232 until 5/18. Anticipating price to hit $218 by 4/17. We will see what the market demand is like after the holiday.