REVO - possible W formation after double bottom
Updated
REVO was trying to breakout in Feb 2021 but due to overall red tech markets and an excessive sellout it dropped under 0.30 CAD $.
The chart looks strong and healthy at the moment. Currently REVO is highly oversold.
MACD lines might be crossing soon which could generate a bullish signal.
One possible scenario:
After two subsequent successful tests of support levels around 25-26 cents earlier this year, a reversal and upcoming W chart formation is realistic to me.
The chart looks strong and healthy at the moment. Currently REVO is highly oversold.
MACD lines might be crossing soon which could generate a bullish signal.
One possible scenario:
After two subsequent successful tests of support levels around 25-26 cents earlier this year, a reversal and upcoming W chart formation is realistic to me.
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