Shared by
MichaelBLe
Tags:
Took a position in RVLV this morning aggressively. I saw yesterday's close and liked the volume that came into the final hour bell. The weekly is setting up to defend the 10MA.
Fundamentals are great. Last 3 quarters have been triple digit earnings BUT the sales have been lack luster. The most recent quarter is the only quarter since Q2 of 2020 to have position sales growth. Yet the stock is still trending up? I have to follow price action first and foremost.
6-23
9:01AM
Looking back at RVLV and seeing what I could have done better. There was support at the 20ema on the 1hr chart the day that my stop loss got triggered. I set my stops too tight on this one. This name is continuing to march upwards. Look at the chart below...
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-06-17 09:33:10 | RVLV | 300 | $58.793 | 300 |
| 2021-06-18 14:05:25 | RVLV | -100 | $60.810 | 200 |
| 2021-06-18 14:49:07 | RVLV | -20 | $60.440 | 180 |
| 2021-06-18 14:49:07 | RVLV | -100 | $60.440 | 80 |
| 2021-06-18 14:49:07 | RVLV | -80 | $60.430 | 0 |
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