RNDR Long Trade Setup

Current Situation:
Price Level: RNDR has been trading in a tight range with low volatility, indicated by the narrow Bollinger Band width.
Technical Support: The Simple Moving Average (SMA) is acting as support for the price.
Bullish Bias: The price structure remains positive, suggesting potential for an upward move.
Upcoming Event: Apple’s WWDC on June 10th could be a catalyst for increased volatility, especially if there are mentions of AI, Octane, or Render, which are known to influence RNDR.

Trade Strategy:
Entry Point: Enter a long position around $9.75.
Take Profit Targets:
First Target: $11.60
Second Target: $13.80
Stop Loss: Set a stop loss at $9.00 to manage risk.

Summary:
RNDR is currently in a period of low volatility but is positioned for potential bullish movement, especially with the upcoming Apple WWDC event, which could act as a catalyst. The trade strategy involves entering at $9.75, with profit targets at $11.60 and $13.80. The stop loss is set at $9.00 to limit potential losses.