I am not a big gun fan myself, despite living in Texas, but this post is not about the issue of gun control or my beliefs on the issue. What I want to show here is what the market is thinking about one participant in particular – $RGR (Sturm Ruger & Company).
Here is a Daily chart showing the recent action:
- After 5 RED volume bars in a row, buy the next Green candle. Use your exit trading process, stop.
- So far 4 occurrences (likely 1 very quick stop, one small gain, 2 nice gains)
- The last occurrence would have netted a $15+ gain
- Current volume bar count is 6 RED in a row