$RAD – Bullish Breakout in Motion, Momentum Heating Up!
Rite Aid ($RAD) has just delivered a strong breakout, blasting from $0.676 to $0.796 with impressive volume fueling the move. It's now consolidating slightly around $0.779, offering a potential entry point before the next leg higher.
🔍 Trade Setup: Scalp to Short Swing
Entry Zone: $0.770 – $0.780
Stop Loss: Below $0.745
Target 1: $0.810
Target 2: $0.845
Final Target: $0.880
📈 Key Notes:
Holding above $0.770 keeps the bulls firmly in control.
Consider trailing your stop after hitting Target 1 to lock in gains.
With the breakout gaining steam, this move could just be getting started.
