The RIOT Repeat Sell Signal Pending from May 18th has finally triggered: The original entry would have been a breakdown below $10.12, but today's break of the parallel channel up from the April lows suffices to confirm the Sell. On the right axis is the Fib extension forecast for likely next support levels that should act as a magnet for price, first level at or about 8.50 and the next level after that being 5.75. The July 21st $10P is currently trading at 1.21-1.24 and it should at least double if not triple on this leg down. RIOT's low the year was $3.30 on Jan 3rd. Coincidentally, a Fib 61.8% retracement of the entire rally up from that low would be at about $7.50, so that is our first target, causing the July 21st $10P to rise to at least $2.50. Risk is $0.60 (50%). Reward is +$1.25 (100% over purchase price, but +200% over risk).
