Every week that passes I'm giving less and less weight to any technical considerations with RVV, mainly because the volumes are so low and the short position remains stubbornly high compared to where it had been for the past one and a half years.
But of course I still check the chart from time to time and I'm seeing that with the PPS closing at $1.73, that the 50 DMA is pretty much within spitting distance at $1.747....less than 2 cents away.
Its not so much a case of the PPS climbing to reach the 50DMA of course, its more a matter of the 50 DMA dropping to the current price. Back at the end of November - start of December the 50 was up around $1.90 and its been falling steadily since.
Anyway that's my 2 cents....which I'll gladly contribute to the PPS to get us back over the 50 if that's allowed.
Oh one more thing....Kelsee where are you? Your thoughts and contributions are missed my friend.
