RUN has been range bound since Feb 2022, and trading down into long terms support levels where is is repeatedly bought.
The professional entry here was opening a short position at $60 once the double top rejection was confirmed. Chasing this down and entering at the 1 year support level seems dangerous, and somewhat cavalier. I am not advocating a long position here either.
The best decision here is to wait for a break below support, with 2 daily candle close confirmation, or wait for a clear reversal pattern, to enter long. My personal opinion is to find a better ticker with a better setup. no reason to risk capital on this lack of set up.
The professional entry here was opening a short position at $60 once the double top rejection was confirmed. Chasing this down and entering at the 1 year support level seems dangerous, and somewhat cavalier. I am not advocating a long position here either.
The best decision here is to wait for a break below support, with 2 daily candle close confirmation, or wait for a clear reversal pattern, to enter long. My personal opinion is to find a better ticker with a better setup. no reason to risk capital on this lack of set up.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.