As shown, beautiful correction taken place as expected. Will create amazing buying opportunity once done. Will need to monitor and take action when necessary. Everything is getting beatdown at the moment.
On TD the contract price was 0.45 and so I decided to just enter 0.6 and to my surprise the order got filled immediately.
I think next time I will start with a high Ask price and slowly bring it closer to the Bid
Whats The Plan/Trade/Thought
This position is a play on the micro economics and less on the health of the company
There will be an interest rate...
This is the first trade where I adjust my position sizing to account for the rising volatility in a ranging market that seem to have deeper drops whenever there are issues.
I call this stance in my plan "VolOp" and while it results in a 1% drop in my monthly target. It should weather my contracts better. This current adjustment is mainly based on...
$RVLV falling wedge broke out yesterday. Need to break & hold $21 for more upside, target as high as $24. One of about 100 falling wedges in market right now.
A bonus to this trade:
$ULTA looking for a sustained move above $226.
Another bonus since $ULTA isn't a falling wedge
$PLAY Falling wedge broke out. Looking for $16 and possibly $16.75
Hello Everyone! Let's look at RVLV which is going through what it appears to be a consolidation period.
Price has been trading last thirteen days sticked to its 20 and 50 sma daily, mmmmhhhh.....approaching Q2 earnings release next week it seems something's boiling....
This kind of behaviour looks bullish to me, a kind of building energy for the next leg up, and...
Revolve filled the gap today, what next ?
Basically we have two scenario :
North direction, still have fuel to reach 21,00 level, previous resistance.
South direction, price will likely retrace as RSI is overbought and too far from 20 and 50 moving averages, nice retrace will be the high of the candle of the 14th of May where price has been...
Fallen angel & Pennant formation long setup. Like this as a long if it breaks 16.68 or pullback to 15.80. Consider Stop signal @ 13.23. First target 24.43. Could consider September $15 Calls. Last Price $3.40