After a big green bar on $RH we see the pullback but then buying pressure to bring it back up.
Since this happened at the lows, I am looking at this with the perspective of a reversal trader.
It is in a demand zone right now and I would like to see the break of $247 for a price target of $257 and then it could go into the $260s and $270s depending on the markets.
RH could be in the $350 - $400 range IMO fundamentally.
Since this happened at the lows, I am looking at this with the perspective of a reversal trader.
It is in a demand zone right now and I would like to see the break of $247 for a price target of $257 and then it could go into the $260s and $270s depending on the markets.
RH could be in the $350 - $400 range IMO fundamentally.