Rave Restaurant Group, Inc. (RAVE) Social Stream

Rave Restaurant Group, Inc. (RAVE): $2.06

0.07 (-3.29%)

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Industry: Restaurants




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$RAVE chart setup was in perfect reversal upwards until some chatrooms forced the algo to flip bearish. I'm guessing this can be easily done with weak bags and low volume. Which is exactly what I see looking at the chart. Last 2 days have shown little volume on the dips, with large orders soaking everything up while it trades flat.

Expanding and opening new locations. Lock downs aren't happening. Vaccine rollouts continue to hit higher goals reached and things are slowly but surely getting back to normal in the US and abroad.

I'm still holding full position as much as it pains me to hold this much blood but one look at the chart shows me we're still in the channel. Weak bags are almost done selling and our exposure to overall markets is little. Earnings should also set a positive trend and or bring some very much needed news on the business as a whole.
Freedom_Trading, published August 4, 2021

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