Just a guess...but it looks to me like the gambit right now is to take it up sharply, then drop it back. I'm guessing (and maybe the real players are too) that there are RVX holders sitting on profits with their fingers hovering on the sell key....just wanting to see if they can squeeze a few more pennies out of it.
So take it up....then pull it back and see if they'll bite maybe....like playing with a plug lure and fishing for bass.