RVX in full on breakout mode.....
posted on
Sep 02, 2015 09:48PM
Given today's move and especially the fact that it occurred on such comparitively strong volume, it has me thinking that some form of news is coming in the near term....by next week if not sooner. When I say "some form of news", I mean that it doesn't have to be something new....it could be an analyst offering an opinion, or an article in a publication with a better profile than a streetwise site.
We bottomed out of the downtrend which started with the slide from $3 in April....on August 24th when the PPS closed at $1.25, after having touched $1.00 interday. There have been just 7 trading sessions since that day and we've gone from a close at that $1.25 to today's $2.08....and I honestly don't see anything in the chart that suggest its going to end.
Obvioulsy at some point there will have to be a pause...maybe even tomorrow, but by the end of next week I won't be surprised to see us back at $3 or even higher. Buyers are stepping up, and regardless of the fact that they're driving up the PPS in a fast and furious fashion...it doesn't look like they're slowing down....
Trading like we've seen these past few days...it suggests to me that someone knows something, and because I eat my own cooking I sold a small number of my ACC.TO shares to add more here.
I could be wrong of course.....but trading like we've been seeing happens for a reason in my view. That 3 year cup and handle chart tells me we're heading north of $3....so $2 is a bargain if it plays out