Technical Analysis Monthly William %R was oversold and now crossing above -80 zone Weekly RSI crossing above 50 and looking ready to curl upwards. Risk/Reward 1:1.9 Price Target Buy between $6.50 and $7.20 Analyst Price target: $9 Fib Level Price Target of $7.85 -$8.72 (+9% to +20%)
I have not heard of $RMNI before and it is just crossing the $10 mark. But what a setup. Looks extremely strong. Putting in a shelf after breaking out from a 5 months head and shoulders base.
Initially broke out positively before dumping down from the trend channel past the key s/r. Watching if it can bounce off from 4H support with volume
NASDAQ:RMNI Possible Scenario: LONG Evidence: Price Action, TP1 ~8.75$, This is my idea and could be wrong 100%
Rimini is on a strong upward trend, still trading below overbought, numerous price action dragonflies supporting an upward trend which is also confirmed by diagonal. Recent resistance broken waiting to see if $6 is tested.
First off, please don't take anything I say seriously. As always, this is on opinion based basis and not meant to be take as financial advice. That being said, I think RMNI is about to have some very positive support and looking like it may be on a positive correlation or a small continued bullish run. A $5.19 target level is optimistic, but quite realistic...
DISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
I think it'sclimbing to the 200ma, then retracing as the moving averages "catch up" to price
Artificial Intelligence 3 Days Forecast Report made by Interir.com The goal is to keep a transparent track record of performance using Artificial Intelligence. The results of this analysis were: ANALYSIS PRICE $ 4.75 POSITION HOLD CHANCE OF SUCCESS 90.91% PRICE TARGET $4,83