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 re-enter in the 31-32 range.
As always, this is just an idea as to how the market will move, not investment advice.
As always, this is just an idea as to how the market will move, not investment advice.
Note
Note
Revolve broke trendline support and is headed to channel bottom.
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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.