RVR 0.00% 7.3¢ red river resources limited

Ann: Quarterly Activities and Cash Flow at 31 March 2018, page-77

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  1. 7,654 Posts.
    lightbulb Created with Sketch. 618
    my apologies, you didn't say 22 cents, but the point is still the same.

    RVR is a take over target at anything below 30 cents. surely it is more of a chance at 25 cents.

    one solid positive ann can flip the chart on its head. look what happened with GXY , another beauty I keep. it was all doom and gloom and chartists were all out in force just a week ago calling for $2.20 and bang one news came out and every short is covering its position now and now the chart is telling us that $3.50 is on the cards and can go beyond.

    So yeah once again, charts are good and can predict the future sometime but if the fundamentals change , charts go out the window.
    Last edited by Zeeshan: 02/05/18
 
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