Long
RAD Swing Trade Setup Long
$NYSE:RAD
RAD is the Rite Aid drug store chain0 being in healthcare and
consumer staples it is relatively resilient in a recessionary context.
On the Chart, RAD is at swing lows sitting on support with
25% upside potential. The RSI indicator shows an impending
K & D line cross under the histogram.
A recent triple top helps mark the resistance while an
earlier double bottom shows the support. The order block
indicator provides confirmation.
I see this as nearly ready for a swing-long entry.
What is your opinion?
RAD is the Rite Aid drug store chain0 being in healthcare and
consumer staples it is relatively resilient in a recessionary context.
On the Chart, RAD is at swing lows sitting on support with
25% upside potential. The RSI indicator shows an impending
K & D line cross under the histogram.
A recent triple top helps mark the resistance while an
earlier double bottom shows the support. The order block
indicator provides confirmation.
I see this as nearly ready for a swing-long entry.
What is your opinion?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.