REVB Reasons Not To Trade, Reasons to Trade

NASDAQ:REVB   Revelation Biosciences, Inc
This chart is a great example of a gamble. Looking to the left, we see huge potential to return where it came from but the 40% gain today comes from no information. Nothing is driving the increase. We don't see market maker levels of volume either. They may have entered a few weeks ago on the 23rd, but that could also be a huge short position. We don't know what the volume was. If this stock ends up having news, it may run up fast, with a float of only 8 million. I don't really like anything below the 200 moving average though, so we lose that differential if we wait until the cross over. I just don't think the gamble is worth it.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.