Revlon is currently at a downtrend support line. Two things need to happen on the indicators before I pull the trigger : 1) The macd thing needs to turn neon green. and 2) the pink indicator thing needs to not be pink. But even looking at the trendlines, I won't be surprised if it shoots up from here. I will update once situation improves. Looks promising for the moment.
As REV breaks out of minor and major trendlines, a triangle can be drawn from recent high to the lower support line which has had multiple re-tests and rejections.
As price breaks out of this downtrend, I expect short covering to accelerate as it breaks up through $25 psychological level and $25.25 resistance.
As always, tight-stop and if it rips, let it run
Revlon has been having a great steady run over the last couple of months and has just pushed through and old resistance level. Could be worth a watch.
Revlon, Inc. manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men's...
REV Group (REVG +3.1%) subsidiary ElDorado National-California has been awarded a contract to supply 23 Diesel Axess 30’ buses to Pace, the suburban bus division of the Regional Transportation Authority in the Chicago metropolitan area.
The contract award is estimated at over $80M in revenue over the contract life, along with related optional vehicle features,...
An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the downtrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to...
REV appears to be setup in a good position for a nice rally in the near future. Its entirely possible that they could have a great Q4 to round out the year, looking for more guidance through future earnings and projections.
From a fundamentals level, the cosmetics industry has been seeing the brunt of the shift in the advertising industrial complex, with...
REV seems forming a very nice fallen angel formation. It is showing strong upward momentum after a huge fall. EMA lines crossed nicely & moneyflow also came in the positive zone. We think it has good upside potential & i8t can go above $27
* Trade Criteria *
Date First Found- June 14, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of...