REDU (Rise Education Cayman Ltd) has triggered the next buy signal on today’s breakout above the 0.97 resistance level with the breakout occurring on above-average volume (ideally you want to see long-side breakouts occur on 1.5x or better the 60-100 day average volume).
REDU daily April 13th
With today’s 9%+ gain on the heels of the breakout so far, that gives us a ~106% gain on REDU since the first buy signal that was triggered on the breakout of the first downtrend line back on Feb 16th, just one day after the setup was covered here in the Feb 15th trades idea video (just as this next potential, now active, buy trigger on RISE Education was once again highlighted here in yesterday’s trade ideas video. REDU chart posted back on Feb 17th after the first target was hit for a quick (1-day) 31% profit below:
REDU daily Feb 17th