ChristopherCarrollSmith

Revolve looking bottomish

Long
NYSE:RVLV   Revolve Group, Inc.
Revolve's finding some support at 34 and its MACD on the hourly chart is looking more and more bullish. It could still drop to 32, so I set a larger buy order at that level, but I've got a small position here and am expecting a pop by next Wednesday, likely earlier.
Comment:
Strong move up late today!
Comment:
Revolve may be one of the most profitable recent IPOs, but sometimes the market just doesn't care. Downward channel break today. May rebound into channel, but then could fall to 30.60 or 25.13 this week.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.