RVLV is starting to look like an inverse head and shoulders within a channel marked by a double top at $26.50 and a triple bottom at $21.10. It already broke $26.50 before pulling back to start forming the right shoulder, which could break bullish next week. After breaking $26.50 there is a gap to fill between $28-$30. I'm long until $30 in which I will start scaling out. The float is low at 13.53M and 54.11% of the float is short as of Aug. 14. This is looking prime for a solid short squeeze.
Comment:
Well, this was a complete bust.