As some of you may remember, my stock pick for 2018 was RSG in anticipation of a 100% move or there about. Will it happen as anticipated ? I wish I knew to be frank but I am in RSG and I have been for a while.
If the price action continues its bullish posture, I have no reason not to believe that it may not.
Close above Wave 4 ( high of wave 4 is $1.295) would be a MAJOR SLAP to the bear if any are left around by then.
I won’t publish any bullish counts as yet since they are secondary to what price action does. This said, I am at the opinion that zone of $1.90 and $2.25 may well be tested if my analysis work out. If I fail with my analysis what have I lost with trading/investing in RSG ?
Can we see the CHANGE in BEHAVIOUR with the price ? I can. Will it continue and take the high of wave 4 ?
My creeks are drawn on a bar chart therefore they are not 100 suited to the PnF 3 box.
Disclosure : RSG held.
Chart is courtesy of tradingview.com and it is FREE. It saved me around $50 a month which I was paying previously for my old software and getting less in terms of intra-day time frame charts.
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