Not pictured in chart are (3) extended hours transactions at .38 730pm EST 7/21 and at .4 at 4 am and 6am EST 7/24. Given the 7/24 transactions sizes of 500 and 100, they could have been paints by a market maker looking to draw a market based on AH/PM percent gained. Still 3 weeks out from earnings, and potentially 2.5 months from potential spin-off. PPS of .4...
23-Feb 1 for 30 Reverse split at Share price .07 New PPS 2.1
25-Jul divide current PPS by 30 to find pre RS-PPS equivalent Share Price .35/30= 0.011666667
Going forward
.07/.01167 = 5.99 (599%) RNVA must gain 599% to return to pre RS PPS
1-(.01167/.07) = 83.3% RNVA has dropped 83.33% since 23 Feb
.35*5.99 = 2.0965
It is safe to believe that RNVA could...
2 Horizontal lines show possible support and resistance level, confirmed by parabolic, with 20 and 50 day EMA's beginning to merge into potential golden cross. Scalpers should be comfortable with long entries from .4 to .36 with planned exit around .48; scalpers/swing traders keep in mind that earnings are early August and supposed spin-off is set for September....
