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Analysis: #NYSE $RVP

Case 273 #Retractable Technologies Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#RVP 1/4
Chart 1
Monthly Chart: Price has been holding above the #SMA 50 since Sept. 2019 and a strong break/close above the SMA 200 at 2.32 was seen in April 2020. A foothold above 5.70 is required to target strong #resistance between .....

RVP 2/4
..... 8.49-9.50 - a close above the latter targets 13.00 and then for new all time high. Immediate #support is at 3.80 just below broken 17 year #trendline #resistance and further down the #cluster base at 2.70.

RVP 3/4
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