Stock Analysis: Today’s Best Top Swing Trade Idea 2024 – R1 RCM (RCM).
Trade Details: Thursday, 1 August 2024, R1 RCM (RCM) stock price closed at $14.13. On the weekly chart, R1 RCM stock price tested its own weekly demand zone and is attempting to bounce to the upside. The stock is in a strong bullish trend, forming higher highs and higher lows (HH-HL) on the chart. The weekly chart shows an incomplete bat harmonic pattern near the previous swing high. We could plan a buy trade from the current price to the upside.
Note: If the price breaks and closes below $10.50, this bullish setup is invalid.
Buy Swing Trade Idea:-
Buy Entry Range: $14-$12
Stop Loss: $11
Target 1: $18
Target 2: $25
Note: Always remember: risk no more than 1% per trade.” Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
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