Retractable Technologies, Inc. manufactures and markets safety needle devices for the healthcare industry. Its products are designed to protect healthcare workers, patients, and others from needlestick injuries, cross-contamination through reuse, and reduce disposal costs. Its products include VanishPoint and Patient Safe Syringes, EasyPoint Needles, VanishPoint...
Retractable Technologies, Inc. manufactures and markets safety needle devices for the healthcare industry. Its products are designed to protect healthcare workers, patients, and others from needlestick injuries, cross-contamination through reuse, and reduce disposal costs. Its products include VanishPoint and Patient Safe Syringes, EasyPoint Needles, VanishPoint...
Already broken out from the falling wedge.
If it breaks the current resistance, my short term targets are the blue boxes.
Volume is questionable though.
Anyway long term we are in an accumulation zone IMHO.
RVP has a double bottom with the two top peaks at resistance at $.83 and the two bottom peaks around $.71. If the stock breaks out above $.83 it could go as high as $.85 before hitting resistance.
RVP seems bouncing after a huge drop from 2,50$ to 0,89$. I'm looking for a potential wave up if the neckline level posted on chart holds. A strong breakdown on 1$ level invalidates this setup.
According to market research “Global Hypodermic Needle Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Type (Safety Needles, Non-Safety Needles), by End User (Hospital, Diagnostic Center, Others)” by P&S Market Research, the global hypodermic needles market is expected to grow at a CAGR of 7.4% during 2016 – 2022.
