Range Resources Trading Analysis (02/02/2023)

#RRC

Industry: Oil and Gas
 

The trend is ascending overall. Downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. Enter point on the 'rollback B' is forming.




Trading idea:

Buy at the formation of the ascending wave structure;

Stop-loss: 23.78;

Target price levels: 26.74, 27.67.