Rusha went down with the market, it dropped 31% and since has been consolidating. Recently it tested the 38 dollar price level and it showed strength. my strategy is two wait 1,5 month for extra consolidation then get ready to buy potential breakout. Second scenario is an ABCD pattern to the downside which would land us in the 30$ area and then i would buy for a bounce.
Timing = -1 ( i think the overall market is in consolidation and stocks making new highs is less likely)
Volume = 0 (recently the volume has been building but without much movement)
Group strength = 1 (the industry index is doing well so i would assume these stock are stronger)
Entry = 0 (i think the entry is okay for a breakout, in general i dont like to buy breakouts)
Fractal = 1 ( Fractal supports a continued bull run)
Timing = -1 ( i think the overall market is in consolidation and stocks making new highs is less likely)
Volume = 0 (recently the volume has been building but without much movement)
Group strength = 1 (the industry index is doing well so i would assume these stock are stronger)
Entry = 0 (i think the entry is okay for a breakout, in general i dont like to buy breakouts)
Fractal = 1 ( Fractal supports a continued bull run)