pool adsWhen the Price of Reliance Steel #RS Talks, People Listen
This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Reliance Steel (NYSE: RS) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for RS can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 141.29 |
| P2 | 167.15 | 169.87 | 151.04 |
| P3 | 170.71 | 179.62 | 161.22 |
Support and Resistance Plot Chart for RS
Longer Term Trading Plans for RS
May 18, 2021, 2:45 pm ET
Our Longer Term Plans for RS help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this RS Report.
RS - (Long) Support Plan
Buy over 161.22 target n/a stop loss @ 160.75.
RS - (Short) Resistance Plan
NONE .
Blue = Current Price
Red= Resistance
Green = Support
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