I love it when there's a perfect storm of TA setup and imminent FA drivers. Just adds to number of indicators pointing in one direction.
This is a near identical setup to SGQ which ran hard yesterday without any news.
Recent trading history shows RTR is very respectful of fib support and has a consistent rising price/rising volume, falling price/falling volume pattern. It's currently retraced and holding at a level that's marked by previous SAR and two fib support lines. A 38.2 and a 61.8, in my experience the strongest combo of fibs to predict a bounce and strengthend by the additional SAR line.
Using the measured move rule we have a target of 38.5c for the next leg.
