RVR CHART, page-2

First 2 Last

Share
Profile

Follow
Plext

10,524 Posts.

1247

15/09/17

21:28

Post #: 27257496
Share

Originally posted by DarkCloud08 ↑

RVR CHART as requested by fitsch

First my disclaimer...I don't hold this stock, to be honest I don't know what they do, how they do it or why they do it...

Anyway here it is with a simple commentary...

It appears recent price action has been confined to a tight trading range between 21.5-25.5c confirmed by the tight Bollinger Bands over the last 6 weeks or so...there is a fairly strong resistance holding at 25c...until today there was fairly strong support at the 50 day moving average (see light blue line)...today that support was at 23.5c which was broken with the close at 23c...price is sitting right on the lower Bollinger Band...price has fallen below the shortest moving averages (see dark blue & yellow lines) that cross to the downside happened at 24c...I can't see any gaps that need to be filled...todays volume was pretty close to the 9 day average (see yellow line on the volume)...both stochastic & MACD are trending down...OBV is also slightly treading lower...

So even though a few indicators have broken to the downside, the stock can still be considered as confined within a tight sideways trading range...I would wait until there are a few more trading days next week before confirming if the stock is entering a new downtrend...it seems the stock has a habit of making a new low and then bouncing back

I hope that adds something of value

All the best to holders

View attachment 731862

Expand

This is the "pinch" in the bollies, I had express at the start of the week. I agree news is on the way and a volume surge will follow to the upside and finally take the .26¢ R out
A few weeks ago PLS was in the same position and now look at it. Easy money !

RVR will have its day !

RVR Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 7 more messages in this thread...

First 2 Last

Add RVR (ASX) to my watchlist

RVR CHART, page-2

Featured News

Dreadnought confirms Cu-Au, Zn-Ag gossans over 500m, hints at VMS system in WA

White Cliff confirms large and continuous gold system underneath resource at Reedy's in WA

From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

Tamboran offers US$24-$27 per share ahead of NYSE IPO

From the Floor question: "How can we make gold mining shares become valued again?"

RVR CHART, page-2

Featured News

Top Stories

Dreadnought confirms Cu-Au, Zn-Ag gossans over 500m, hints at VMS system in WA

White Cliff confirms large and continuous gold system underneath resource at Reedy's in WA

From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

Tamboran offers US$24-$27 per share ahead of NYSE IPO

From the Floor question: "How can we make gold mining shares become valued again?"