Trendencies

Rite Aid - Power of the Gann Fan!

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NYSE:RAD   None
I definitely recommend incorporating the Gann Fan in to your TA. Obviously you shouldn't trade just based off of one indicator, but the Gann Fan is a great way to show the strength of an uptrend or downtrend - and by the "rule of all angles", once one is broken (think of each line as a support / resistance area), the price will eventually make its way to the next one.

Do you actively use this indicator? If not, and you would like to learn how, feel free to send me a message.

Any feedback or thoughts is also appreciated. - I remain bullish on RAD long-term (I am neutral short-term).

Thanks,

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