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Major Technical Chart Support Tagged On RH

Shares of RH tagged major technical support today at $75. The company formerly known as Restoration Hardware has fallen from over $255 to under $75. This whopping collapse breeds opportunity for investors and near-term swing traders looking for opportunity. The Federal Reserve announced a huge backstop in MBS and treasury purchases, the government is about to announce a $2 trillion stimulus. This amount of money being thrown at the collapsing economy will create a near-term bounce and a long-term epic upswing in stocks. Once the COVID-19 threat has passed, investors may be looking at new all-time highs due to low interest rates and a huge liquidity surge.

The major technical support on RH gives investors and swing traders a good spot to start accumulating shares. In the near-term, a bounce back to $100 is likely, longer-term perhaps $255 will be seen again.

A net gain of almost 500% in 2020 is a reality for members of Verified Investing Alerts. For investors who are sick of losing money as the markets collapse due to the COVID-19, this is the key. Swing trading off technical levels allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks using key technical levels to multiple profits of 10% almost every day. With the action these days, members get multiple trades a day. See the VERIFIED track record HERE (scroll down on the page). Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Join today and profit for life!