Re: The chart set up looks awesome imo....
in response to
by
posted on
Dec 03, 2019 03:45PM
I think we might be far too general when we refer to fundamentals. RVX really has almost not market fundamentals and what they have isn't pretty. They are a company deep in debt with no revenue and no cash to operate month to month. That is their main fundamentals. TA is a bit of witching but it is an analysis of what usually happens in similar cases so it is back to statistics again. What is the probability of it doing the same thing this time. RVX does trade too lightly to have a highly statistical probability of repeating with the norm but there is some. What RVX's business is really based on is not fundamentals or TA rather science. At this moment, we are hopeful that the science can get us over the hump to some better fundamentals. It definitely appears to have been proven up somewhat a couple of months ago so hopeful it continues. It is fine for everyone to analyse them as they wish as they all have a little influence but right now science is the story. Fundamentals are a big negative until we get some more money.