Long
Rite Aid's Pullback
Rite Aid and I have a long history going back to a buy when it was well less than a dollar. We've recently seen a steady bullish move until the recent news that competitor Walgreen Company was looking to buy the remaining 55% of Alliance Books putting them into international markets for the first time which would potentially allow them to undercut Rite Aid.
For those looking to hop on the bullish trend this pullback into previous structure seems like the right place to do so. Add that to fact that the symbol has also completed a bat pattern in that same area.
As a trader I strictly follow the technicals. "Trade What You See" However when I put on my investors hat, I like to create a confirmation bias based on the bigger bigger and then use the technicals to gauge my entries and exits.
For those looking to hop on the bullish trend this pullback into previous structure seems like the right place to do so. Add that to fact that the symbol has also completed a bat pattern in that same area.
As a trader I strictly follow the technicals. "Trade What You See" However when I put on my investors hat, I like to create a confirmation bias based on the bigger bigger and then use the technicals to gauge my entries and exits.
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Try our NEW Trader Performance OS - traderperformanceos.com/
A complete trader development and performance improvement system
🎵Check Out My Top-Rated "TRADING COACH PODCAST" (Available On Your Favorite Podcasting App)
A complete trader development and performance improvement system
🎵Check Out My Top-Rated "TRADING COACH PODCAST" (Available On Your Favorite Podcasting App)
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.