TradingView
the_realone
Mar 11, 2021 9:06 AM

REVO - possible W formation after double bottom Short

REVOLUGROUP CANADA INCTSXV

Description

REVO was trying to breakout in Feb 2021 but due to overall red tech markets and an excessive sellout it dropped under 0.30 CAD $.

The chart looks strong and healthy at the moment. Currently REVO is highly oversold.
MACD lines might be crossing soon which could generate a bullish signal.

One possible scenario:
After two subsequent successful tests of support levels around 25-26 cents earlier this year, a reversal and upcoming W chart formation is realistic to me.

Order cancelled

More