Inverse Head and Shoulders at RevolveLooks like Revolve is breaking out. Let's see how the recovery fares?
RVLV trade ideas
Looking good to Long in both FA & TAGood Earning, Good cashflow and the weekly chart is showing inverse head & shoulder pattern.
TP $33.
Revolve is a sleeping giant. Also real cute skimpy clothes too. Longer time frame trade - Months
Reasons why I like Revolve (apart from their sexy clothes lol check it out)
- 6 month bear trend - over
- Bear trend reversal with inverse Head and Shoulder - happened over 6 months
- Evidence of new bull trend
- Fundamentally, they have been profitable during the plandemic, E- commerce theme, Growth stock with low Market cap. (Low market cap stocks do much better % wise with hype)
Evidence of new bull trend supported buy
- Green Monthly TD sequentials
- Dailys Closing above TD set up trend
- Positive Consensio - Short term, medium and long term moving average all positive.
- The 200 MA is bound to steeply move upwards, due to the March lows being taken out of the 200 day average calculation in a months time.
- Clear reversal with H+S and hard support / Resistence flip @ 20.88 being taken out.
Head & Shoulders Continuation pattern on $RVLV dailyBreakup and test of neckline begins next upswing
22.15 resistance break for $RVLV --> uptrend continuationLooking for a strong breakout of 22.15 resistance today to signal continued upside.
Potential IHSDespite the short history, the long term pattern seems to be pointing towards a potential inverse head and shoulder that may be indicating a bullish short term run.
Looking for $32 on revolveLooks like it has completed ABC correction and is finding trend-line support for another run up.
Notes:
1.3 Bln Mkt Cap
70 Mln Shares Outsdanding
Revolve Group, Inc. engages in the retail of next-generation fashion for millenial consumers. It operates through the following segments: Revolve and Forward. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands. The Forward segment provides luxury products.
RVLV: finally ready for reversalRVLV is getting my interest from here as I'm always looking for reversals.
Got a lot of buyers attention on strong earnings . Analyst upgrades to 24.
Then sell off with overal market.
Now seems to be back in play.
1st target 21
RVLV: gap closed, now bullishGap up on strong earnings
Gap closed, nice consolidation on the strong level
Looking to go up. High short interest can boost the move.
RVLVmain watch this week, I like the flow slipping into low floats so im trying to slip into these early looking for an explosive move later in the week
also wqtching others with good setups
mainers for me UPS PLAY RVLV SRG
Alerts on TUP WKHS APPS GSX FVRR RKT
Holding Solar - VSLR FSLR
$RVLV Falling WedgeFalling Wedge
$RVLV falling wedge broke out yesterday. Need to break & hold $21 for more upside, target as high as $24. One of about 100 falling wedges in market right now.
A bonus to this trade:
$ULTA looking for a sustained move above $226.
Another bonus since $ULTA isn't a falling wedge
$PLAY Falling wedge broke out. Looking for $16 and possibly $16.75
RVLV Retail, boring, I know, but potential is there.Value stock. Has not gone crazy lately. Accumulation taking place. Be early.
RVLV - Something's boilingHello Everyone! Let's look at RVLV which is going through what it appears to be a consolidation period.
Price has been trading last thirteen days sticked to its 20 and 50 sma daily, mmmmhhhh.....approaching Q2 earnings release next week it seems something's boiling....
This kind of behaviour looks bullish to me, a kind of building energy for the next leg up, and as I wrote on my latest idea on RVLV, I expect good data coming out from this Q2, which might drive the price back to its previous higher at area 21 usd.
Write down your comments below if you like to do that and....may the market be with us!
$RVLV Summer Shopping SpreeSummer travel is happening and people can finally get out an enjoy the sun in those new trunks.
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...!
