RUN has been range bound since Feb 2022, and trading down into long terms support levels where is is repeatedly bought.
The professional entry here was opening a short position at $60 once the double top rejection was confirmed. Chasing this down and entering at the 1 year support level seems dangerous, and somewhat cavalier. I am not advocating a long position here either.
The best decision here is to wait for a break below support, with 2 daily candle close confirmation, or wait for a clear reversal pattern, to enter long. My personal opinion is to find a better ticker with a better setup. no reason to risk capital on this lack of set up.
The professional entry here was opening a short position at $60 once the double top rejection was confirmed. Chasing this down and entering at the 1 year support level seems dangerous, and somewhat cavalier. I am not advocating a long position here either.
The best decision here is to wait for a break below support, with 2 daily candle close confirmation, or wait for a clear reversal pattern, to enter long. My personal opinion is to find a better ticker with a better setup. no reason to risk capital on this lack of set up.