TradingView
Stock_Holiday86
Nov 30, 2019 5:37 AM

Red Violet Correction imminent  Short

Red Violet, Inc.NASDAQ

Description

Great run for the debut of this stock but bulls are losing steam. A healthy correction appears to be just around the corner. The chart shows the current price in the resistance zone with important Lower levels of support.

Comment

The first support line represents the middle of a zone between $11 and $13.50

Comment

Almost at the top of this resistance zone in the mid $19.00 range. I believe we will see the rejection up there.
More