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home / news releases / RNG - August I Said Buy The September Swoon Now It's Prepare For The December Drop.I Explain

RNG - August I Said Buy The September Swoon Now It's Prepare For The December Drop.I Explain

Ringcentral Inc. Class A
  • I show by the chart and market mechanics why we are about to head into rocket mode.
  • All irrational exuberance starts with logical positive news, but end with an unsustainable buying panic.
  • The early signs of complacency coupled with a lot of new cash coming into the stock market makes us once again very vulnerable to any bad news.
  • November should continue to rally hard, please use this time to trim positions and create a cash cushion to take advantage of December.
  • Ultimately, I am still a bull, but I am concerned that no one is thinking about December 3rd. Be prepared for the swoon then buy.

For further details see:

August I Said Buy The September Swoon, Now It's Prepare For The December Drop.I Explain
Stock Information
Company Name: Ringcentral Inc. Class A
Stock Symbol: RNG
Market: NYSE
Website: ringcentral.com
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