$RIVER showing intraday weakness around $10.74.
The rejection near the $11 zone suggests buyers are losing control, increasing the odds of a downside move. I’m positioning for a short-term sell.
SHORT RIVER
Entry: $10.70–$10.85
Stop Loss: $11.40
Targets: $10.10 → $9.60 → $8.90
Technical view:
MACD remains below the signal line with a negative histogram, confirming fading momentum
RSI is neutral, leaving room for further downside
Price trading below SMA7 signals short-term bearish pressure
A breakdown below $10.50 could accelerate selling, with a quick sweep toward $10. If that level fails, expect momentum to carry price into the $9.50 area.
Short setup active on River 👇