How much entertaining your charts & explaining are: both are 100% incorrect. First: your chart is already post R/S (1:7), and although the PR of 9/15 mentioned a R/S for today ("The reverse stock split will become effective on October 3, 2016"), it actually did not happen. It will happen tomorrow. What you saw today in pre-market were people who believed the R/S was already a fact and they got suckered in. Then some realised there was no R/S and it plunged. Confused daytraders got in, believing RELV was a post R/S bargain, but it wasn't. It didn't sustain. That last move up before the end are shorters covering their short. All the rest is BS.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.