ChartGenie

Nice 3:1 trade on the daily chart with an uptrending stock.

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NYSE:RES   RPC, Inc.
Price is trending upwards. It has been retracing up to the 70% Fib level for the last several swings. Go long when price takes support on the trend line near the $5.18 price point, stop loss near $3.68, and take profit near $10.25 at a strong resistance level as seen on the monthly chart.
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