$8 GAIN IN RH POSITION IN ONE DAY $RH

$8 GAIN IN RH POSITION IN ONE DAY $RHThese posts were  published on ZYX Buy Change Alert.

RH UP $8 FROM OUR POST

 RH (RH) stock was $96.82 at the time of our post this morning.  It is at $105.14 as of this writing.  We have received several inquiries about profit taking here.  It appears that a micro resistance is building just above $105. Depending upon how you bought it and the quantity held, it makes sense to take partial profits right here around $105.  Consider stops on some under $101.88 and stops on the remaining to break even.

A NEW IDEA ON RH

 

RH (RH) reported earnings better than the consensus and whisper numbers.  RH stock is undergoing a short squeeze.  It is trading at $96.82 as of this writing.  The short squeeze can carry the stock to $108 to $115 range.

The buy zone is $88 to $97.31, preferably below $94.51.  The stop zone is $83 to $84.48.  Those wanting a closer stop may look at a stop under $87.  Since there is high risk the position size should be based on your own personal risk tolerance.

This is a short-term trade and not an investment suitable only for aggressive investors.  Please keep in mind that RH stock  is one of the most volatile stocks and can trade over a very wide range.

Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007.  Please click here and scroll down to see the table of all trades.  These trades have been scrutinized in real-time by thousands of investors across the globe.  This provides easy verification of performance for newcomers to this site.  Only those trades are included in the performance where the entry post was made available to subscribers to The Arora Report Market Blog.  When the entry post is made available only to the paying subscribers and not posted in real-time on The Arora Report Market Blog, the resulting performance of the trade is not credited in the performance table.  There are very nice gains on this trade but since the entry trade was not posted here for the free subscribers in real-time but only made available to the paying subscribers, handsome profits on this trade will not be added to the performance of The Arora Report Market Blog shown on the table.

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