RF potential to exit sideways channel

Apr 12, 2021

Noteworthy:

• SPF (linked idea)
  
• Earnings 4/23/21
  
• Jefferies updated price target to 24 on 4/9/21
  
• JPM updated price target to 22 on 4/8/21
  

Overview:

• Market continues to be in bull trend
  
• Open has gapped previous day close 3 days in a row
  
• Volume remains low
  
• RSI and MACD giving positive signals
  

Entry conditions:

• 4/12 close >= 21.49
  

Stop Loss:

• 21 EMA
  

Target Profit:

• 22.30 (100% Exit)
  

Disclaimer
Not investment advice. Thinking out loud in a crowded room.

Apr 13, 2021

Order cancelled

Failed to meet entry conditions.