With Elliot wave analysis RVN is in the 4th wave which is a corrective wave and the first scenario is that this wave is a triangle and there could be a fifth impulsive wave on the way.
The fifth wave can make an upward trend for over two years. There is a support area at a bottom of the triangle which can be a good spot to place first buy order; but we can wait for the break out from the down trend to be more certain of the future trend.
The fifth wave can make an upward trend for over two years. There is a support area at a bottom of the triangle which can be a good spot to place first buy order; but we can wait for the break out from the down trend to be more certain of the future trend.
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