NFTRH+; Gunning for This One

Pardon the post title that is trying too hard to be cute.

RGR’s daily chart is flagging down to a clear support area. The SMA 200 is trending up and the SMA 50 can easily be turned back up. As a side note, the EMA 20 is within the support area.

The weekly chart shows that support at around 70 as the middle of a ‘W’ pattern, but no long-term support until 66, which coincides with the SMA 50 above.

However… if we magically remove dividends from the picture the stock price would actually test long-term support at around 70 as well. I am considering adding it today as portfolio diversification. A trader might wait to see if it dings the 68-70 support area.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.