DISCLAIMER: I'm a beginner and this is one of my first attempts at analyzing a trend. If you think my reasoning is wrong here, please tell me.
We can see that NYSE:RNG price is currently consolidating, with lower highs and higher lows, and after this consolidation period the price should begin a new trend. Given the bullish history of that stock, the fact that overall we're still in an ascending trend, and that the market is slowly recovering from the COVID downtrend, I think its price should continue to rise a little bit, break the 1st resistance and reach at least the 1st target (but I don't think it will break the 2nd resistance).
Target 1: $276
Target 2: $283
Target 3: $290
We can see that NYSE:RNG price is currently consolidating, with lower highs and higher lows, and after this consolidation period the price should begin a new trend. Given the bullish history of that stock, the fact that overall we're still in an ascending trend, and that the market is slowly recovering from the COVID downtrend, I think its price should continue to rise a little bit, break the 1st resistance and reach at least the 1st target (but I don't think it will break the 2nd resistance).
Target 1: $276
Target 2: $283
Target 3: $290
Not
So far so good, will it bounce on the 1st resistance..?Not
Target 1 reached.It didn't bounce on the resistance, it simply went through it :)
Not
Almost bounced on the target 2 line, should go down to around $265 before continuing its way up.İşlem elle kapatılmış
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.