Revolve has had a rocky time since its IPO, with lots of volatility and several breaks below critical trend lines. However, this company is profitable, undervalued, and highly rated, and in my opinion it's still a great value. With Revolve having breached the bottom of its parallel channel today, it's likely to establish a new channel. I've drawn a couple...
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.
And reason is simple. Prices marked. These details are from 1 MONTH chart. MACD: Almost crossing over RSI: 53.xx Ichimoku Cloud: Ready to bust through the upper layer into blue skies Cannot wait for this awesome ride.
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.
Revolve has formed am upward parallel channel since its IPO. It's currently in the bottom half of the channel, with support from a trendline that's parallel to its channel. So far we're looking good for a reversal upward tomorrow based on this trendline support. Set tight stops, however, in case we breach support and head downward to channel bottom. Then look to...
Revolve has formed a triangle chart pattern since its IPO a few days ago. On upside breakout, look for confirmation above $41.61 resistance level. On a downside breakout, look for confirmation below $36.74 resistance level. Tomorrow is a historically bullish date for stocks, so perhaps Revolve will break out upward simply on seasonality. Citron, the only analyst...