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(RH) Trading Report

Longer Term Trading Plans for RH
  • Buy RH slightly over 223.36 target 282.15 stop loss @ 222.71 Details
  • The technical summary data tells us to buy RH near 223.36 with an upside target of 282.15. This data also tells us to set a stop loss @ 222.71 to protect against excessive loss in case the stock begins to move against the trade. 223.36 is the first level of support below 261.14 , and by rule, any test of support is a buy signal. In this case, support 223.36 would be being tested, so a buy signal would exist.

  • Short RH slightly under 282.15, target 223.36, stop loss @ 282.96 Details
  • The technical summary data is suggesting a short of RH as it gets near 282.15 with a downside target of 223.36. We should have a stop loss in place at 282.96though. 282.15 is the first level of resistance above 261.14, and by rule, any test of resistance is a short signal. In this case, if resistance 282.15 is being tested, so a short signal would exist.

Swing Trading Plans for RH
  • Buy RH slightly over 282.15, target 344.78, Stop Loss @ 281.34 Details
  • If 282.15 begins to break higher, the technical summary data tells us to buy RH just slightly over 282.15, with an upside target of 344.78. The data also tells us to set a stop loss @ 281.34 in case the stock turns against the trade. 282.15 is the first level of resistance above 261.14, and by rule, any break above resistance is a buy signal. In this case, 282.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RH slightly near 282.15, target 257.43, Stop Loss @ 282.96. Details
  • The technical summary data is suggesting a short of RH if it tests 282.15 with a downside target of 257.43. We should have a stop loss in place at 282.96 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 282.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RH
  • Buy RH slightly over 263.46, target 282.15, Stop Loss @ 262.85 Details
  • If 263.46 begins to break higher, the technical summary data tells us to buy RH just slightly over 263.46, with an upside target of 282.15. The data also tells us to set a stop loss @ 262.85 in case the stock turns against the trade. 263.46 is the first level of resistance above 261.14, and by rule, any break above resistance is a buy signal. In this case, 263.46, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RH slightly near 263.46, target 258.52, Stop Loss @ 264.07. Details
  • The technical summary data is suggesting a short of RH if it tests 263.46 with a downside target of 258.52. We should have a stop loss in place at 264.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 263.46, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Rh (RH) Page here: RH.

RH Ratings for February 12:

Term →Near Mid Long
Rating Strong Weak Neutral
P1 0 0 223.36
P2 258.52 244.59 282.15
P3 263.46 257.43 344.78
Triggers may have already come
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Support and Resistance Plot Chart for RH

RH Long Term Analysis for February 12 2024

Blue = Current Price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Rh (NYSE: RH) while incorporating prudent risk controls. 

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RH change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RH is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RH too.  All of these are offered below the Summary Table.