iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,596 Blog Posts

The Long Road Ahead for $RVLT

We discuss the sentiment cycle from time-to-time since Option Addict graced the idea upon us and I find value in envisioning where we are in the cycle.  It gives some perspective into how my comrades and competitors may be feeling at any given moment.

Unfortunately for RVLT longs, it appears we’re working through the rough side of the sentiment cycle.  If you love a business model, you sometimes have to ride through some crummy conditions while the business proves itself.

Therefore, I won’t candy coat what I think RVLT could do in the intermediate term, instead I’ve mapped out exactly how I envision it aka brutal, but eventually victorious.  Trade accordingly:

RVLT_SentimentCyclesentimentcycle

If you enjoy the content at iBankCoin, please follow us on Twitter

6 comments

  1. CrypticCodeBreaker
    CrypticCodeBreaker

    Thanks Raul! I am interested in the action around 3 bucks not from a chart perspective but from the human idiopathic fixation on whole numbers as RVLT at this point is more reactive to sentiment. I would like to see the stock dip 2.97 and bounce over 3 several times then recover .3.20’s before I angled in to a couple thousand shares. If it breaks high 2.90’s I think tou see low 2’s and possibly a Zombie stock.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. UncleBuccs

    Raul, you know I’m into these sentiment charts, and that RVLT you drew up could be mistaken for a Renoir. What gives me pause, is looking at the last 6 months of the SPX daily. It seems as if we’re sitting on the hump just above “Subtle Warning”. Your opinion/take on this, interests me greatly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      Could be we’re halfway through disbelief, and we may experience a steeper correction.

      The conflict I have is really how tasty this dip looks on the $SPX weekly.

      I think it’s hard to look too far out on the S&P, at least for me, because I trade inside the daily bar with my profiles.

      • 0
      • 0
      • 0 Deem this to be "Fake News"