REI short term swing opportunity break over upper resistance

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Ring Energy, Inc. (AMEX:REI)

AMEX:REI Ring Energy, Inc.

Parallel Channel Energy Commodities swing LONG

parallelchannel energy swing long

Ring Energy stock price broke through upper channel resistance line on a decent volume. Target short term opportunity price is $3.56 ( the width of the channel at the break point - very classical pattern) which also coincide with 50% Fab level

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