RRC - 50 SMA Breakout and Cup Formation

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💡 Swing setup idea
50 SMA Cup formation

🔎 Analysis summary:
The stock crossed above the 50 SMA and is now pushing into resistance while closing a cup structure. That keeps the setup interesting here, especially if price can confirm the breakout.

👀 Levels to watch:
Entry trigger: Break above $40.50
Target: $45.80
Stop: Under the breakout level

💬 What do you think about this setup? Let me know in the comments! 👇

Good luck!

⚠️ Note: This is for educational purposes only and is not financial advice.

Penafian

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