what an uptrend from lows, congrats to longs here. you can see how the top trendline has acted as resistance in the past.. so expect it to continue in the near future, we could see a move to all time highs if it has a big break through the line though.. so if that happens long the clear breakout and us the top trendline as a tight stop loss. goodluck :)
long term base broken up - expect this to hit previous IPO price over the months and years and blast off higher buy leaps and close your eyes
Looks like Revolve is breaking out. Let's see how the recovery fares?
Good Earning, Good cashflow and the weekly chart is showing inverse head & shoulder pattern. TP $33.
Longer time frame trade - Months Reasons why I like Revolve (apart from their sexy clothes lol check it out) - 6 month bear trend - over - Bear trend reversal with inverse Head and Shoulder - happened over 6 months - Evidence of new bull trend - Fundamentally, they have been profitable during the plandemic, E- commerce theme, Growth stock with low Market cap....
Breakup and test of neckline begins next upswing
Looking for a strong breakout of 22.15 resistance today to signal continued upside.
Despite the short history, the long term pattern seems to be pointing towards a potential inverse head and shoulder that may be indicating a bullish short term run.
Looks like it has completed ABC correction and is finding trend-line support for another run up. Notes: 1.3 Bln Mkt Cap 70 Mln Shares Outsdanding Revolve Group, Inc. engages in the retail of next-generation fashion for millenial consumers. It operates through the following segments: Revolve and Forward. The Revolve segment offers assortment of apparel and...
Entering Phase E (mark-up phase w/clear trend).