We have conflicting signals here, as the RVI is near the sweet spot, the VI (-) is coming up again, VI (+) is stagnating, and the volume hasn't had more than 3 consecutive days of positive momentum for weeks.
Comment:
We saw a slightly less damning doji start develop, however the market seems to still be behind this RVI is about to enter the sweet spot. With V.I. (+) staying above 1, but V.I. (-) being just as close to one, it may be possible we see some sell offs possible. If there is a "sheep" like following and as the last two days closed with a low trading volume and ultimately a sidways moving graph, we could see AKER return to $0.65 before either rallying to $0.80 again as the market decides to make gains on the newly entered traders (such as on Feb 23).