Long term opportunity in RRC (Range Resources Corporation)
The share is heavily oversold and the stochastic has broken upwards.
The commodity channel index has also given a buy signal.
The double bottom will be confirmed above 18-17, below 16-81 the share will warn again.
Buy: 18-17
Stop loss: 16-80
Target: 22-22
The commodity channel index has also given a buy signal.
The double bottom will be confirmed above 18-17, below 16-81 the share will warn again.
Buy: 18-17
Stop loss: 16-80
Target: 22-22
Trade active:
Double bottom is nicely in play but those who want to use a trailing stop can use $19-90
Comment:
After the small pullback and again support. A higher low will be confirmed above $19-99 which will be seen as positive for more upside.
Trade closed: stop reached