RE: Getting ready to soar....6 May 2026 10:19
Captain’s Table — RR Latest Swing Trading Update
RR has now done exactly what the chart needed: 1193 was captured, 1219.50 was cleared, and the ship has fired straight towards the 1286.5 / 1286.6 target zone.
That is a major technical improvement.
The earlier 1111 runway hold has now developed into a full breakout sequence:
1111 hold → 1125 reclaim → 1193 breakout → 1219.50 breach → 1286.6 target hit
The double-bottom map is now active, not theoretical.
Current position
RR is trading around 1285–1287, which puts it right at the next measured resistance marker.
The 10-minute chart is very strong, but also stretched. Price is now well above the short-term moving averages:
EMA 28: around 1234
SMA 50: around 1209
EMA 150: around 1190
SMA 200: around 1174
That tells us the move has momentum, but also that a pullback would be normal. This is no longer the quiet boarding zone. This is now the fast water.
Swing trading map
Bullish above
1250 / 1260
As long as RR holds above that zone, the breakout remains healthy.
First support
1234–1250
This is the ideal pullback area for a cleaner swing entry. A controlled dip into this zone, followed by a bounce, would be far healthier than chasing a vertical candle.
Major breakout support
1219.50
This was the previous target. It should now act as support if the breakout is genuine.
Must-hold structure
1193
If RR loses 1193, the breakout has failed, and the ship is back inside the harbour wall.
Upside targets
The first major target has now effectively been hit:
1286.5 / 1286.6
Above this, the next swing targets are:
1300 — psychological round number
1325–1330 — next measured move zone
1370–1385 — old upper supply waters
1400+ — prior high retest zone if momentum continues
The route to 1400+ is now technically open again, but it is unlikely to be a straight-line voyage. Expect zigzags, pullbacks and shakeouts.
Trading ideas
Breakout trader
A clean hold above 1286.6 opens the door to 1300, then 1325–1330.
But chasing here carries risk because the move from 1193 to 1286 has been sharp.
Pullback trader
Better risk/reward sits on a pullback into:
1250 / 1234
If that area holds, it offers a cleaner re-entry with 1286.6, 1300, and 1325 as upside markers.
Defensive trader
Partial profit near 1286–1300 is sensible if already in from lower levels, especially after such a steep climb.
Captain’s conclusion
RR has broken out properly. The 1193 fort has been taken, 1219.50 has been crossed, and the ship has now reached the 1286.5 watchtower.
The trend is bullish, but the chart is stretched in the short term. The Captain would not confuse strength with a free lunch. A pullback towards 1250 or 1234 would be normal and possibly healthy.
The clean message is:
Above 1250, the bulls remain in command.
Above 1286.6, the next harbour is 1300, then 1325.
Below 1219.50, caution returns.
Below 1193, the breakout has failed.
For now, the wind is firmly back in