Back in January when our big run started at less than 60 cents...the PPS would shoot up, then pause and pull back. On each of those pause/pullbacks support was found right around the 20 dma. On three separate occasions the run stalled until the 20 dma caught up, then it was off to the races again.
It happened at the start of February and again at the end of February. The 3rd time was in April. Then the PPS pulled back to the 20 dma in May, but that time it didn't bounce higher....that moving average started acting as resistance. Each time it got to that level or just above it, the PPS moved down.
Until Aug. 24th when we finally broke above. Not just the 20, but also the 50 and 200 dmas as well. Now after spiking up, going over $2 at the start of September...we've returned to trading sideways and down...and now the 20 dma has pretty much caught up to the PPS, the PPS is at $1.81 and the 20 DMA is at $1.79.....
I'll be looking for RVX to repeat what it did earlier in the year now.