Re: My guess on the closing tomorrow
in response to
by
posted on
May 29, 2019 07:50PM
Any thoughts on what the share price does after the close? I am guessing it rallies to over $4.
FWIW, I was looking at the daily trading volumes. If the market is bullish, then the volumes should be going up along with share price. That indeed is what is happening to RVX.
In January 2019, it was trading only about 47k shares a day. In February: 50k, March: 118k, April 121k and in May so far: 231k shares. For all of 2018: 130k. In 2018, the big volumes happened when the share price fell to $1.10...so buying on weakness? And in Jan-Feb 2019, when the share price was going nowhere, the volumes went dead...so no one was willing to sell?
All in all, the volumes seem to indicate a bullish slant. What I continue to believe is that RVX continues to climb a wall of worry/disbelief.