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Thursday, December 08, 2016 7:23:53 PM
(subscribers always get my Alerts & info on trades first).
(Also plenty of ability to enter this after hrs with lots of liquidity on the Ask @ 7-6.60's.)
Just looking for a short term quick flip -- not a trend reversal type of swing trade longer term.
$RUSS may still see mid-6's yet in interim short term(or ??), but it's close to done going down soon in my view.
RUSS been down 7 straight days --- very usual in contrast to the past, and is one statistic to be aware from a contrarian trading perspective.
We'll see if RSX 21 area resistance holds.
I see eventual short term flip ability towards 7.85-9's (for 12-30% upside).
I'm using similar criteria & technical metrics with strategy on RUSS as previously applied on UGAZ in November & LABD in August (all for double digit % quick trade flips)
[img]
stockcharts.com/c-sc/sc?s=RSX&p=D&yr=0&mn=7&dy=0&i=t76934411557&r=1481242893813[/img]
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