2016年9月6日 星期二

Trade: RNG

I bought 650 shares RNG at $22.44 this morning.  The nice features about the chart includes:

- uptrend with nice accumulation pattern

- strong OBV

- pulled back closer to previous support level around $21 with light volume down days during past month

- successfully retested 50 sma

I view the cross in oversold stochastics and strong close above 9 ema on Friday as the buy signal.  I bought a slight pull back this morning.


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