ChristopherCarrollSmith

RVLV testing channel bottom

Long
NYSE:RVLV   Revolve Group, Inc.
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.
Commento:
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.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.