RRGB is set to reverse soon

4 May

Ending diagonal is going to complete until June end and then a trend reversal shall happen. This is supported by very clear and protracted MACD divergence on weekly view.

30 May

Not

Here we go! On post-market after earning release we have a break out of the ending diagonal.
Let's see how this week closes.

30 May

Not

It closes nicely with huge volumes. Long-term impulse up has started.

21 Haz

Not

Log scale view shows a bullish flag and it might take time to break out of it.
Then we need to address some significant resistance levels.
Then the sky is clear.

Anyway, I base my view on Elliott Waves and as long as impulsive move up is clear and EW principles are not broken, I stick to this idea as one of the most promising.