Time At Mode Methodology on display here in $RVLT (Revolution Lighting Technology) on a quarterly time frame.
The quarterly downtrend started from the high of the chart and progressed downwards in logical fashion until the downtrend expired two quarters ago.
The uptrend is emerging now that the price sits above the 6-quarter price zone marked in bright blue at the bottom of the chart.
The uptrend will take full effect once there are 5-quarters without a new low, which happens at the end of June, 2017.
$RVLT makes LED lighting products and sales are increasing in double digits year-over-year, and turned profitable in recent quarters.
The weekly uptrend is in place, which you can see using the bright-green rectangles and showing 7-weeks at the current price.
The rally phase that $RVLT is in now should last for a period of 6 quarters and should carry $RVLT to much higher levels, which I will diagram in future charts here.
I will measure the base from low to high in percent and add it to the mode of the base to get my upside projection.
The quarterly downtrend started from the high of the chart and progressed downwards in logical fashion until the downtrend expired two quarters ago.
The uptrend is emerging now that the price sits above the 6-quarter price zone marked in bright blue at the bottom of the chart.
The uptrend will take full effect once there are 5-quarters without a new low, which happens at the end of June, 2017.
$RVLT makes LED lighting products and sales are increasing in double digits year-over-year, and turned profitable in recent quarters.
The weekly uptrend is in place, which you can see using the bright-green rectangles and showing 7-weeks at the current price.
The rally phase that $RVLT is in now should last for a period of 6 quarters and should carry $RVLT to much higher levels, which I will diagram in future charts here.
I will measure the base from low to high in percent and add it to the mode of the base to get my upside projection.
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
