Revolve has formed am upward parallel channel since its IPO. It's currently in the bottom half of the channel, with support from a trendline that's parallel to its channel. So far we're looking good for a reversal upward tomorrow based on this trendline support. Set tight stops, however, in case we breach support and head downward to channel bottom. Then look to re-enter in the 31-32 range.
As always, this is just an idea as to how the market will move, not investment advice.
As always, this is just an idea as to how the market will move, not investment advice.
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Revolve broke trendline support and is headed to channel bottom.
