When I first posted the chart along with the view that a breakout looked good within 'the next two weeks or so' on March 9th just passed....that two week window will be closing on Friday.
I did hedge a bit saying that I thought it might take a bit longer, (maybe a week) but not much. That was when the PPS was stuck in a tight trading range between the 50 and 200 DMAs. Technical indicators were pointing toward either a break down or a break up...I figured up was in the cards but had to allow for the possibility that it could have gone the other way...and I'm glad it didn't obviously
While we did break out of that tight range it happened early in that 2 week window when I figured it would be later....and the rally didn't take us nearly as high as I thought it could....I figured the 52 week high of $4.31 would at least be challenged, with the potential for $5.....
No more flakey posts about my interpertaion of flakey dreams....I'll stick to what attracted me to RVX in the first place. The story and a technical picture that reeked of accumulation back then imo, and still does I believe. Here's the more current chart.....I don't think we'll make it to Friday of next week without seeing at least a new 52 week high, that's my near term view.
