I want to make it official. Had mentioned this one in the middle of another post.
Strong daily watch on RUBI. My play on this undeserved earning gap down is small entry $15.25 first resistance, larger $17.00 top resistance. Target gap fill $19.50. Or 16.50 if top resistance isn't broken.
Plan the trade ad trade the plan.
Institutional owns 65% of the float and they have gapped it up on earnings and now down on earnings. This time was DUMB IMO. The company beat estimates LARGE. 2nd time in a row. But they lowered next Q expectations. I expect Psychology to come back and take over sentiment. And when that happens, watch for the gap play.
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