Provision to Revolutionize a Billion Dollar Market (OTC:PVHO)

Technical Analysis

From a short-term perspective, the chart and stochastics provide a highly bullish sentiment. Back on 11/16/09, the 50MA and 200MA engaged in a golden cross, which is generally seen as one of the most bullish short-term technical indicators signalling an up-trend and a new support at the $0.175 price per share level. There also seems to be heavy buying pressure which has started during early November, and seems to have carried over, and increased into December maintaining this bullish run. This could be an indication of potentially pending news awaiting to go public, or investors feeling that the new year will bring renewed interest in the company. The RSI seems to have reached the top level at 70, where it is maintaining a strong support.

When looking at the long-term view, once quickly notices the significance of the resistances and the supports. Throughout this year, 0.3 has remained the significant, and pivotal point which needs to be broken in order to send the stock to a higher level. Back in January it tried, and failed, and it is now being tested once again, with even higher volume and buying pressure, in fact nearly double that in the last few days. The low $0.2s will continue to be the strong support level of the stock until it can maintain a healthy resistance at the $0.3 level and thus allowing it to push onwards towards the $0.4, $0.5 possible price per share levels. Volume and news will play a key role in the re-emergence of the company’s stock during 2010. Should the company see a positive turn in the balance sheet, increased revenues and partnerships, the $1.50 can be easily reached once again. MACD and EMA have also entered into positive territory, paving the way for a bullish sentiment.

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Disclosure: Long PVHO

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MiV Investments Inc. has been compensated 300,000 common shares for a three month investor relations contract by Provision Interactive Technologies Inc.