Interesting day for SVM. your thought is interesting too. correlations and stuff. I just saw a correlation worth looking at . Look at the long term chart , and see the price action/candlestick rally from last July to the august top. It looks almost identical to the rally SVM is making currently.
see what happened in august. around 4 dollars.
wave structure played out 5 elliott waves. Then hammered down to the bottom thru december. This is what I'm watching out for
SVM, now making a wave 3. All we need to see is a week or so of sideways, then one pop to get near 4 dollars and then watch out.
even the Bollinger bands look the same.
I'm thinking 4 dollars could be the top, but any place from 3.60-4.00 is a resistance zone to be careful about.
Down below, the 2.50 area offers the impression of a support zone to hope and pray for next time.
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