Jun. 2 at 12:02 AM
$RMNI trading around
$3.96, grinding higher inside a long-term ascending channel.
🚀 Catalyst: Q1 2026 revenue reached
$105.5M. They paid down
$10M in debt and secured a
$50M share repurchase program.
📈 Setup: Price is consolidating inside the channel. Buyers are pushing the upper boundary, attempting to chew through a massive volume shelf overhead.
🐂 Bull Trigger: A clean daily close above
$4.38 triggers the breakout, clearing overhead supply for a fast push toward
$4.80 and a test of
$5.27.
🐻 Bear Level: A breakdown below
$3.50 shifts control to the bears for a quick flush to the
$3.00 pivot, opening the door to the base at
$1.63.📊 Trend: BULLISH WATCH — Buyback news provides tailwinds, but technicals must clear the volume node to confirm.#rmni #tech #hovdid
