On the fundamental side I see many positive developments lining up...Our Donald (not to be confused with "THE" Donald) must have used the word 'excited' or variations of it at least twenty times during his R&R presentation last week.

We've got Stockholm on tap this week, and an anticipated Orphan indication in tandem with an analyst presentation in NYC at the end of the month. And of course there's the upcoming AGM which is preceded by another investor conference in Toronto.

These upcoming events in tandem with a very bullish chart has me seeing the potential for an explosive week and fall season, akin to what we saw earlier in the year....but instead of launching from a PPS below a buck as we did in Jan/Feb, this time a similar type upward movement would be happening in and around the $2 mark.

We're trading above the three moving averages I track, the 20, 50 and 200. And the 20 dma is moving bullishly higher and taking aim at the 50. Any time a faster moving average, in this case the 20, crosses over a slower one, in this case the 50, its called a "Golden Cross". Of course the "goldenest" of golden crosses is when the 50 crosses the 200....which we already saw back in early March when the PPS was trading around a buck.

The last time the 20 crossed the 50 was in January around the 80 cent area.

Stochastics, both fast and slow, are in and around 70 and pointing slightly north with lots of room to go higher before moving into overbought territory north of 90. And MACD is signalling a potentail breakout by my read with both fast and slow lines moving above the zero line.

As always the wild card is volume...but I'm guessing we're going to see a period of increased trading starting this week, and I'm optimisitc that if I'm right and volumes do pick up...that any increased trading will continue in the weeks and months to come.

A Nasdaq listing, I think almost everyone agrees, would be huge. To get there we'll need to see RVXCF on the pinks well above $2.....We were there briefly in April and May, and I do believe we'll be back there before this month is over.

http://stockcharts.com/h-sc/ui?s=RVX.TO&p=D&yr=1&mn=0&dy=0&id=p83375413570