GAC - Although I pay attention to TA, I have stated in the past that RVX trades too lightly to have significance. Also, the pennant you were watching was too short term with too few control points to mean much. I could have made the point longer term that it had already broken down but that wasn't strong enough either. TA for RVX is underpowered just like their clinical trials.
The one thing I do pay attention to is the $1.00 area. Besides the psychological aspect, you can look at the last year since BoM failure and it is often a support or resistance area. I just hope it stays above that until we have something more substantial.