REC LTDShort
SELL / Short REC Buy PUT of 157
Based on the recent market trends and technical indicators, it appears that REC shares have entered the overbought zone on both the daily and weekly charts. This suggests that the stock may be overvalued and could experience a potential downward correction in the near term.
Considering this analysis, I recommend considering a sell order for REC shares at a price of 157, with a target set at 147. This target takes into account the potential downside movement anticipated within the next 3-4 days.
Considering this analysis, I recommend considering a sell order for REC shares at a price of 157, with a target set at 147. This target takes into account the potential downside movement anticipated within the next 3-4 days.
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.