Today, all hell broke loose in the equity markets. S&P500 -3%, Toronto -2%, even gold -1%. Last 3 days have been a huge change in market psychology...from a buy the dip to sell the rally.
But RVX was unchanged today! And has been so for the last 5 trading days.
Now the flip side to this highly encouraging market action is that we are still below the all important $1.33 level...which translates to the market saying "RVX still needs to raise capital...and they have not done it yet".
Still, I will take the market action as a positive market hint. At $1.31, we are now above the 50 day MA ($1.24) and 100 day MA ($1.29). Next goal is the 200 day MA at $2.12.