Today looks like a good entry on RVLV, with the price testing the bottom of its parallel channel. RVLV also has a volume support node at 35.27 and is close to oversold on the RSI. We just got an upward stochastic cross as well.
RVLV is undervalued and has bullish analyst ratings.
RVLV is undervalued and has bullish analyst ratings.
Comment:
Channel bottom broke, but solid support from that volume node has prevented any kind of big plunge. I've got a buy order set for 35.40. If the RSI gets to 30 on the hourly chart, it should reverse upward from there.
