RRC was a great long at 26.10.

Nice upgrade today on good earnings. Also not a consumer discretionary or tech.

 

lol

 

You buying it ??

 

I just bought more at 25.44 and averaged down. I do have a stop in place to protect myself.

 

Another gap higher and collapse. I've lost faith in these resource & energy stocks. They seem to just go lower no matter ho much money they make.

 

If you see the day chart, it looks very messy.
ie very easy to get stopped out.

Anyway, it is forming a descending triangle pattern with 23 as support.
The price will just hover around the triangle over the next few weeks/months ...