RYN looking to set new highs!
* Great earnings year-over-year
* Strong up trend
* High relative strength in the Real Estate sector
* Breaking out of a ~7 month base
* Recently used a multi-year resistance ($35.05) as support
* Looking at the weekly chart it seems like RYN is ready to continue its move to new all-time-highs
Trade Idea:
* If you can stomach a little volatility, now's a great time to enter as the price just broke out.
* If you're looking for a slight discount, you can look for buying opportunities near the $38.40 area as that should serve as support moving forward.
Caution:
* The markets are volatile right now so a daily close below $38.40 would negate the idea for the time being.
* Strong up trend
* High relative strength in the Real Estate sector
* Breaking out of a ~7 month base
* Recently used a multi-year resistance ($35.05) as support
* Looking at the weekly chart it seems like RYN is ready to continue its move to new all-time-highs
Trade Idea:
* If you can stomach a little volatility, now's a great time to enter as the price just broke out.
* If you're looking for a slight discount, you can look for buying opportunities near the $38.40 area as that should serve as support moving forward.
Caution:
* The markets are volatile right now so a daily close below $38.40 would negate the idea for the time being.
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.