Original Post:
https://www.reddit.com/r/RBRK/s/nJWmxzAkc0
tl; dr: 1st Price Target ~$69, worst case $60 -> violent recovery afterwards to $100-$120
The stock seems broken to me, looking for a reset. It slipped below its 200 day MA, so I was playing with a scenario that would make me very bullish and enter BIG (business fundamentals seem SOLID). There's a small gap to fill below which lines up almost perfectly with trendline support from the April post-tarrifs breakout. The RSI is looking very low, but ideally, we'd like to see RSI divergence as price continues holding at these levels.
For those who like the TTM Squeeze indicator, something is slowly building up on the 1hr and 3hr time frames, but a few more days needed to see if it triggers.
There's a lot of setups in the market that have faced similar patterns. From a TA perspective, burning short positions that don't close at long term trendline seems to be "in" this season. Stock rebounds aggressively here and setup to $100-$120 seems in by EOY.
Will be watching, good luck to everyone in this! Don't get shaken out by the MMs.
Rookie TA on $RBRK, Sharp V Shaped Recovery?
byu/BelievingK9 instocks
Posted by BelievingK9
1 Comment
Yeah I agree, I think RBRK definitely can return back to $100-$120 line. For me though it just feels like right now at $75 and rising already it already feels like the margin of profit isn’t enough me…I haven’t really looked into any research on the potential target being higher than $120, which would probably change my mind on the “worth” of the investment.