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Range Resources Trading Analysis (02/02/2023)

02.02.2023

Market Review

#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.

Author: GC
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