RLT 3.31% 73.0¢ renergen limited

Ann: Wild-card well P007 strikes gas, page-192

  1. 2,397 Posts.
    lightbulb Created with Sketch. 2603
    Thanks mate.

    Gaps are always a negative to take into account when buying but as I mentioned in my post earlier; gaps will have lessened closure rate if we are in the 3rd impulse wave.

    To add to that, RLT has a tiny free float so will have greater fluctuations than most stocks - this also means will have more open gaps than most (when trending strongly).

    The $4.42 TA target is near term but I'm actually of the opinion we are still only in the 1st wave of a very large wave structure that will push many multiples higher.

    PFS can easily push us to those multiples but if the company keeps surprising the market with positive Ann's then who really knows how many multiples we could all be in for...
 
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