3 Trading Setups to Study: $RNG, $P & $SEDG
Hey everyone! 👋
Here are three setups worth keeping in the trading journal—not just because they worked, but because the price action offers useful lessons that can be studied and repeated. 📚📈
1. $RingCentral(RNG)$ — Post-Earnings Reaction Still Holding
18 sessions in, $RNG still hasn’t violated its 10-MA, even after stalling at roughly 10× ATR% above the 50-MA.
The last three sessions have formed a higher low, recovering from the -4.9% pullback on August 14.
This is exactly the kind of post-earnings reaction worth saving, studying and reviewing.
🧠 Wire this one into your trader’s muscle memory.
2. $Everpure(P)$ — Stalled at 10× ATR% ⚠️
$P also stalled after reaching roughly 10× ATR% above its 50-MA.
Another useful example of how extended price action can behave when a stock gets stretched far above its mean.
3. $SolarEdge(SEDG)$ — Gap-Down Mean Reversion 🎯
$SEDG delivered a +9.3% follow-through from the gap-down mean-reversion idea.
It was also the only idea posted on a market gap-down open day.
Three different setups, three different lessons.
Don't just study the winners—study the price action behind them. That's how trading patterns become muscle memory. 📈🧠
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