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...!
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...!
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