Long
Does the RiteAid short squeeze have another leg?
RAD has been flying after a long period of consolidation and wek fundamentals.
The Reddit army is marching with the RAD flag. At one point RAD sqeezed 100%
but it has falled back a bit in the profit taking. Still the retracement is shallow
so far. In the close of the trading week, in the last hours price dropped to 2.5 with
support from the anchored mean VWAP and then rose to 2.68. I believe this should be on a
watchlist if you like to trade meme stocks. TUP is now competing with RAD for meme
attention. I will get back into both of them when I find the clear and compelling opening.
I will pay attention to rising volume and rising volatility on a low time frame chart
to make that finding. Shorts may better realize their pain this upcoming week and add a
a bit to the buying pressure allowing for some synergy with new buyers.
The Reddit army is marching with the RAD flag. At one point RAD sqeezed 100%
but it has falled back a bit in the profit taking. Still the retracement is shallow
so far. In the close of the trading week, in the last hours price dropped to 2.5 with
support from the anchored mean VWAP and then rose to 2.68. I believe this should be on a
watchlist if you like to trade meme stocks. TUP is now competing with RAD for meme
attention. I will get back into both of them when I find the clear and compelling opening.
I will pay attention to rising volume and rising volatility on a low time frame chart
to make that finding. Shorts may better realize their pain this upcoming week and add a
a bit to the buying pressure allowing for some synergy with new buyers.
Trade ist aktiv
RAD popped in the premarket and I took a partial profit. Then fell the rest of the day. Expect more volatility and more profit this week. It is on my meme list.Trade ist aktiv
Another 4% during a sideways general market- I like it .
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.