🚀 Recent Price Action:
RACC recently executed an extremely bullish wave, nearly testing its All-Time High (ATH) before being met with a significant profit-taking wave. 🌊💰
While the pullback was sharp, the price is currently consolidating above the 38% Fibonacci retracement level a very constructive sign that the primary uptrend is still intact. 🏗️✅
🚧 The 10.66 Barrier:
The stock is currently facing stiff rejection at the 10.66 resistance level. 🛡️
If the price attempts to test this level tomorrow and fails again, we should anticipate a deeper pullback next week. 📉📉
📉 Volume & Sentiment:
The decreasing volume during this consolidation suggests a lack of immediate buying pressure to overcome the 10.66 ceiling. 🔇
This exhaustion often precedes a secondary retracement to find more aggressive buyers at lower levels. 🕵️♂️💸
📝 Strategic Recommendation:
RACC remains bullish on the medium-to-long-term timeframes. 📈🌟
Entry Strategy: I recommend waiting for the completion of this pullback.
Look for "signs of positivity" (bullish reversal candles or volume spikes) at any key Fibonacci levels before initiating new long positions. 🛒💎
If you like my insights, follow and boost! 🙌💙🚀
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RACC recently executed an extremely bullish wave, nearly testing its All-Time High (ATH) before being met with a significant profit-taking wave. 🌊💰
While the pullback was sharp, the price is currently consolidating above the 38% Fibonacci retracement level a very constructive sign that the primary uptrend is still intact. 🏗️✅
🚧 The 10.66 Barrier:
The stock is currently facing stiff rejection at the 10.66 resistance level. 🛡️
If the price attempts to test this level tomorrow and fails again, we should anticipate a deeper pullback next week. 📉📉
📉 Volume & Sentiment:
The decreasing volume during this consolidation suggests a lack of immediate buying pressure to overcome the 10.66 ceiling. 🔇
This exhaustion often precedes a secondary retracement to find more aggressive buyers at lower levels. 🕵️♂️💸
📝 Strategic Recommendation:
RACC remains bullish on the medium-to-long-term timeframes. 📈🌟
Entry Strategy: I recommend waiting for the completion of this pullback.
Look for "signs of positivity" (bullish reversal candles or volume spikes) at any key Fibonacci levels before initiating new long positions. 🛒💎
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.