$RAVE is trying to stabilize after the brutal rejection from 28.30, and I’m watching for a relief-bounce long if buyers can keep defending the current support zone.
Entry: 1.48 - 1.53
Stop loss: 1.39
Targets:
1.72
1.95
2.25
Short-term momentum is still weak after the vertical collapse from the local high, but price is starting to base around support and buyers are attempting to rebuild from this area.
If this range holds, $RAVE could see a short-term recovery move toward the next resistance levels.