Aug. 19 at 11:58 AM
$RUM Levels I'd watch at the open
$8.00–
$7.95 must-hold zone.
If buyers defend that area, then:
$8.12 -
$8.20–
$8.25 -
$8.35 are the obvious steps upward.
And
$8.12 is especially important because that's basically the immediate premarket/high-of-candle resistance. Get through that with volume and I think the setup gets pretty damn interesting.
If it opens around
$8.10, briefly shakes out toward
$8.00, holds VWAP and then reclaims
$8.10, that's actually the kind of opening action I'd prefer over a straight gap-and-rip. It flushes out the quick-profit crowd before making another run.
