RVYL updated outlook...ULTRA BULLISH month ahead!Both weekly & monthly timeframes indicating bullish inverted hammer. This is a bullish reversal signal based on technicals alone.
Near term buy-side technical target is just above the wick on daily candle from 6/2.
Take note of June's price action remaining predominantly within the consolidation range of the daily candle body from 6/5. The current retracement to gap fill levels on 4 hr tf is seen as an immense discount buy opportunity.
Rate cut narrative is also strongly bullish for small caps in general. Rates are to stock prices as gravity is to physics. Lower rates relieve downward pressure on stock prices, as future earnings projections are more optimistic amidst less growth-restrictive conditions.
Long term buy-side target into 2027-2028 remains 8$ range. Near term, we have at least a couple multi-bagger setups left for 2025.
