$NASDAQ:RR Double Bottom Breakout Setup - 50-80% upside

RR looks like it's setting up for a possible breakout.

What to look for:

• Pricecloses above the breakout threshold ($3.90)
  
• Volume is spiking - looking at recent spikes, looks to be ~60++M shares
  
• Squeeze is expanding in a positive direction (UP!)
  
• MACD is signaling BUY
  
• William %R is pushing into oversold territory (~20% or less)
  

Entry:
Depending on your risk threshold there are a couple of places that I'd suggest...
Current price - more risk, but higher reward ~85% upside
Price after closing above $3.90, less risk, but lower reward ~50% upside

Price Target:
As shown on the chart $5.83