LeLaf
Long

RVLT failing 6 months wedge and bullish piercing candle

NASDAQ:RVLT   REVOLUTION LIGHTING TECHNOLOGIES INC
83 4 1
RVLT has been falling for months. May have hit its low yesterday and recovered some of the loss today. Bullish piercing candle today, still un confirmed.
Will see tomorrow if we have a trend reversal that may lead RVLT to break upward uptil target is achieved (4$).
It is a long shot, but the graphic is showing some good vibes right now.
I had drawn another failling wedge , less wide thant this one. See link.
Bullish Piercing candle confirmed today with Bullish engulfing candle. Good sign.
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Bulish piercing candle confirmed today with a bullish engulfing candle. Good sign.
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Bullish piercing candle confirmed today. Trend reversal. Up trend coming.
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Time to take a long position. RVLT is likely to confirm its Bullish Piercing candle today. Entering.
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