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**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Potential 3 valley rising valley breakout is underway as predicted.
I have updated the targets.
Optimistic measured move from the breakout is $14.00.
Momentum and RSI in reversal.
Strong resistance is at the yearly candle level $12.23.
Volatile sector so we will use the 20ma as our SL.
Shares of REVG are at all-time lows and seem to have a favorable risk/reward ratio.
It's trading at about 14x 2017 earnings, and under 10x estimated 2018 earnings. They also have a 100% beat record (over 5 quarters as public company), so estimates may be conservative and imply an even greater value. The PEG ratio is a mere 0.4.
Revenues are growing at about...
Nice looking swing trade setting up on revg which could be the start of wave 3. recently broke out from double bottom with good bullish momentum up 40% in just a couple of months and we have a chance to get in on the pullback here with Swing trap and t30 setup. sellers got in this stock which then traded sideways buyers tried to get in but was quickly pushed out...