TaPlot

$REYN 5 Month #Rectangle #ChartPattern

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NASDAQ:REYN   Reynolds Consumer Products Inc.
REYN is setting up an interesting long setup inside of its 5 month rectangle trading range.
A potential close above $32 will:
1) break a 2 month down-sloping trend line (dotted red line on the chart)
2) break 1 month rectangle upper boundary resistance (red line on the chart)
3) trigger a high probability long swing trade with a target back to the 5 month rectangle upper boundary
Considering the bullish nature of this market, I am more interested to playing this on the long side vs the short scenario.

✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
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