When the Price of Retractable Technologies $RVP Talks, People Listen
March 21, 2023, 08:30 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RVP
- Buy RVP slightly over 1.64 target 2.34 stop loss @ 1.64 Details
The technical summary data tells us to buy RVP near 1.64 with an upside target of 2.34. This data also tells us to set a stop loss @ 1.64 to protect against excessive loss in case the stock begins to move against the trade. 1.64 is the first level of support below 1.69 , and by rule, any test of support is a buy signal. In this case, support 1.64 is being tested, a buy signal would exist.
- Short RVP slightly under 2.34, target 1.64, stop loss @ 2.35 Details
The technical summary data is suggesting a short of RVP as it gets near 2.34 with a downside target of 1.64. We should have a stop loss in place at 2.35though. 2.34 is the first level of resistance above 1.69, and by rule, any test of resistance is a short signal. In this case, if resistance 2.34 is being tested, a short signal would exist.
Swing Trading Plans for RVP
- Buy RVP slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy RVP just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 1.69, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RVP slightly near n/a, target 1.68, Stop Loss @ 0. Details
The technical summary data is suggesting a short of RVP if it tests n/a with a downside target of 1.68. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for RVP
- Buy RVP slightly over 2.34, target n/a, Stop Loss @ 2.33 Details
If 2.34 begins to break higher, the technical summary data tells us to buy RVP just slightly over 2.34, with an upside target of n/a. The data also tells us to set a stop loss @ 2.33 in case the stock turns against the trade. 2.34 is the first level of resistance above 1.69, and by rule, any break above resistance is a buy signal. In this case, 2.34, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RVP slightly near 2.34, target 1.68, Stop Loss @ 2.35. Details
The technical summary data is suggesting a short of RVP if it tests 2.34 with a downside target of 1.68. We should have a stop loss in place at 2.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 2.34, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Retractable Technologies (RVP) available here: RVP.
RVP Ratings for March 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
0.99 |
| P2 |
1.66 |
1.68 |
1.64 |
| P3 |
0 |
|
2.34 |
AI Generated Signals for RVP
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Retractable Technologies (NYSE: RVP) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for RVP can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RVP:
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