Jan 2, 9:46am
RVLT Holy Grail Trade Setup Idea
RVLT is having a good day (currently
up 11%) and it's been making higher
highs the last four days. With a 8ma
break, the RSI is climbing out of
oversold and our Macd is still bullish.
I'd love to see this march towards the
.60's. Entry and exit as close to the
8ma as possible.
- Or - An Elliott wave combo about to start wave B up, then end with a C back down(5-10 more years LOL)
Either way, the fibonacci ratio's of 1.618 hold for both prior down swing recoveries.
So if this pops, I would consider 1:1 as likely.
The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time.
Current price: $3.57
Num. shares: #500
Total Cost: $1,785
Option: 20 th Apr $5.00 Call
Price per option:...
Time At Mode Methodology on display here in $RVLT (Revolution Lighting Technology) on a quarterly time frame.
The quarterly downtrend started from the high of the chart and progressed downwards in logical fashion until the downtrend expired two quarters ago.
The uptrend is emerging now that the price sits above the 6-quarter price zone marked in bright blue at...
Have not published in a while. Here we go again.
RVLT ascending triangle with diminishing volumes. Bullish figure. May break north anytime.
Goal is 1,93 to 2.01$. Great ratio.
Could go higher is Q4 earnings are in the 27-32M$ range
RVLT has been on a continuing downtrend for 6 months.
Three Bullish candles in 7 days is telling us that reversal to uptrend may be at our door step.
Today, the bullish engulfing was a strong one with low volumes. Low volumes usually equals down day for RVLT"
Will see if it confirms within the end of week. Lots of longs hoping for this.
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$).
It is a long shot, but the graphic is showing some good vibes right now.
I had drawn another...
This figure contradicts the descinding triangle posted earlier. Not sure which will come thru. If this figure does, we may see RVLT vack to 2,66$ in the near future. If not, we may see 1,53$ in a cnotinued bearish mood. Time will tell.
I'm simply pointing out a technical pattern in a strongly trending stock. The pattern shows up once a stock
has a LOW above the previous HIGHEST LOW in a consolidation. I marked this situation with a GREEN CIRCLE. These green circles preceded the nice run-ups in RVLT.
I realize they also coincide with new highs but what I prefer about this method is that it...