RVLV trade ideas
RVLV - Gap filled, what next ?Hello Everyone!
Revolve filled the gap today, what next ?
Basically we have two scenario :
North direction, still have fuel to reach 21,00 level, previous resistance.
South direction, price will likely retrace as RSI is overbought and too far from 20 and 50 moving averages, nice retrace will be the high of the candle of the 14th of May where price has been rejected recently, from there if bounce back, might potentially reach the higher target.
Next earning release will be early August, I am expecting good data from this online retailer.
Leave a comments below if you like to do that and.....may the market be with us...!
RVLV - Fallen angel & Pennant formation long setup Fallen angel & Pennant formation long setup. Like this as a long if it breaks 16.68 or pullback to 15.80. Consider Stop signal @ 13.23. First target 24.43. Could consider September $15 Calls. Last Price $3.40
RVLV BounceRVLV bounced off the 14.5 level and will play this back towards the moving averages, which may coincide around the $18 mark. This is a lighter play with less risk on the table due to the markets volatility.
RVLV - Is there anyone left to sell?0. Just an idea.
1. Showed up as oversold on the network, and decided to post it.
2. I actually like the chart. Something to watch.
3. Maybe a quick upside breakout from that wedge, that shows everyone from the IPO selling, selling, and selling again;
4. Wonder what the short interest in this stock is?
5. Will update later...
BUY RVLV CLOUD BREAK OUTEverytime we see this scenario the stock jumps up like 15% looking like a nice trend breakout
Alex Vieira on Citron Research Fraud on Revolve GroupAlex Vieira warned investors in due time ahead of the complete meltdown
RVLV Short SqueezeRVLV is starting to look like an inverse head and shoulders within a channel marked by a double top at $26.50 and a triple bottom at $21.10. It already broke $26.50 before pulling back to start forming the right shoulder, which could break bullish next week. After breaking $26.50 there is a gap to fill between $28-$30. I'm long until $30 in which I will start scaling out. The float is low at 13.53M and 54.11% of the float is short as of Aug. 14. This is looking prime for a solid short squeeze.
RVLV bullish trend reversalRevolve just broke upward through its downward trend line ahead of earnings. I hesitate to buy this breakout because it happened so suddenly, and big green candles like that have a tendency to reverse themselves. However, I will buy if it pulls back.
Revolve will establish new channelRevolve 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 possible channels and some trend lines, and I've marked the breakout zones with the play for each zone. I've also marked support and resistance from all-time highs, and you can also see the high-volume support node at 35.27.
Currently I'm playing this long on the basis of that volume support node.
RVLV testing channel bottomToday 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: I went big in this todayAnd 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 looking bottomishRevolve'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.
RVLV trendline supportRevolve 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.
Revolve approaching a decision point tomorrowRevolve 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 to opine on Revolve, has set a price target of $50. Downward consolidation is the alternative. In that scenario, Look for a slow slide down toward secondary resistance at 30.65 as the price consolidates before its next upward gap.
