RZLV (ADR 10%) - Eyeing Re-Entry After Stopping Out Intraday
$Rezolve AI(RZLV)$ (ADR 10%) - Eyeing Re-Entry After Stopping Out Intraday
Yesterday’s ‘Hottest Stock Scan’ was dominated by $Global X Robotics & Artificial Intelligence ETF(BOTZ)$ -related names on my list: $C3.ai, Inc.(AI)$ $SoundHound AI Inc(SOUN)$ $AeroVironment(AVAV)$ $Upstart Holdings, Inc.(UPST)$ $Tempus AI(TEM)$ $T-REX 2X LONG NVIDIA DAILY TARGET ETF(NVDX)$ $Rezolve AI(RZLV)$. My focus shift within this group, and I took positions in both BOTZ and RZLV for exposure.
My last trade on RZLV was on the Christmas Eve flag RVOL breakout, which only yielded a minor profit. Yesterday, RZLV gapped above the 200-MA after two consecutive bull flag breakouts was quite significant in my opinion. Despite lower low price action after 11th july, it display RS for the past week. Yesterday's 3 stop entry was fully taken out but liquidity was substantial to keep my losses within a controlled -0.68R.
Now sitting just 2.9x ATR% from its 50-MA, the stock is up +160% from its all-time low three months ago, with an ADR of 10%. Price action may sideway further but as long as 200-MA holds, it will remain in my focus list for intraday RVOL scan entry again
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