RRC - 50 SMA Breakout and Cup Formation
💡 Swing setup idea
50 SMA Cup formation
🔎 Analysis summary:
The stock crossed above the 50 SMA and is now pushing into resistance while closing a cup structure. That keeps the setup interesting here, especially if price can confirm the breakout.
👀 Levels to watch:
Entry trigger: Break above $40.50
Target: $45.80
Stop: Under the breakout level
💬 What do you think about this setup? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.