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Top 5 Weekly Trade Ideas #2 - RKT Bear Flag
RKT was recently on the top 5 list, that one was a bullish idea that worked out nicely. We've seen some of the rate cut hype start to fall recently and RKT has gone down with it. So far it has held within its bull flag from the previous idea and is holding up, but now we have a shorter term bear flag as well.
If the bear flag breaks first downside target would be the bottom end of the bull flag and then the previous swing low around 14.75. Stop loss above the top end of the bear flag.
If the bear flag breaks first downside target would be the bottom end of the bull flag and then the previous swing low around 14.75. Stop loss above the top end of the bear flag.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.