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RME.TO Forming Rounded Bottom For Upside Move

Long-term uptrend.
Price forming a rounded bottom.
The price has tried to move lower several times already and couldn't, so the move up today looked like a decent trigger to get in. Also, prior rounded bottoms in this stock have only given one opportunity to get in.
3:1 reward to risk. Keeping target near prior high, which is quite conservative. If moving well, may extend that out a bit.
For full details on this strategy, see the Stock Swing Trading Course: vantagepointtrading.com/stock-market-swing-trading-video-course/
Price forming a rounded bottom.
The price has tried to move lower several times already and couldn't, so the move up today looked like a decent trigger to get in. Also, prior rounded bottoms in this stock have only given one opportunity to get in.
3:1 reward to risk. Keeping target near prior high, which is quite conservative. If moving well, may extend that out a bit.
For full details on this strategy, see the Stock Swing Trading Course: vantagepointtrading.com/stock-market-swing-trading-video-course/
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。