-> DLB has been ranging in this sideways channel
-> past two earnings have hammered the stock down to the bottom of the channel
-> short and simple (short from the top, take profits at the bottom)
-S/L @ ~$80
Just my opinion/not financial advice, cheers!
Based on the fib retracement levels and the extension levels REV may have bottomed and is looking to pursue the next leg up. The retracement lines up perfectly with the trendline and the extensions have the price at the $16-17 range. When you zoom out on previous time frames this is an area of resistance that REV has struggled to break through in the past. Not a...
