Pennant on REV - Looking for +30% move

azheng2649 Premium Updated   
Charting on a 15 min time frame in which I believe we can see it hit $3 this week again if not higher
Comment: Although the bankruptcy piece was something I missed, it looks like the target of $3 was achieved today with a strong reversal from 8:30 onwards
Comment: It has been on an upward channel since the break above $3. During the last trading day I am seeing the beginning of a downward channel. If it can hold above the $3.50 range then it may be worth watching. I would look for a close above $4 personally before taking an entry on this and beware that there is resistance at the $4.75 zone with the next psychological resistance at $5.

With that said a move from $4 - $4.40 would still be a good 10% move. (Not financial advice)
Comment: What a move today! I hope you have all managed to capitalize on some solid trades today. I personally took my 10% today and left the market do its thing. REV took a new high almost breaching $7. Looks like shorts are covering from the bankruptcy news? Again not financial advice but this is one I will continue to watch. Maybe a breach of $7 is within our horizon tomorrow?
Comment: REV breached the $7 mark today with a touch near breaking $10. I continue to scalp play this one on the daily
Comment: REV had started showing a down trend yesterday but had some good recovery today. I scalped another 10% off this today. I traded it between $7.90-$8.75. Although market closed at 7.95 I think there can still be more left here for next week if volume and setup is nice
Comment: This one continues to show potential throughout the days for 5-10% scalp moves. Based on the trend I am seeing we are still bouncing off of the 6.50+ levels. Depending on how it opens tomorrow there may still be more to capture here. I will be watching this one closely tomorrow as volume has still held decent considering how long its been going for.
Comment: This stock has had a similar pattern for the past few days where it pulls back during Pre-market or just right at the bell. However it continues to show opportunity for 5-10% scalp plays. Today for example had a solid reversal from 5.05 - 5.50 which could have created a good 5% window. It went into the closing bell fairly decent as well as AH. I will be watching to see if we can get some more movement above $6 tomorrow

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