a new res is born, page-14

mandarin, right or wrong I did state IMO so I guess we will see. Not sure how your article is proving me wrong after reading it? Thought I would back up my one liner with some TA. I posted a couple of charts back in mid Feb indicating the price was going north. Since then the sp has been very bullish and is now overbought both on the daily & the weekly stochastic indicating that a healthy pull back is on the cards. It may have a small run higher first as will the general market imo but once the XJO hits it's target at approx 5030 then a general market pullback will commence imo and RES will also pullback. IMO

It's all aligning imo and that .56c level is on the cards (maybe even the 195 day moving average). Not saying the stock won't climb higher from that area as I am confident it will but if you are a holder and believe that the sp will keep going north in leaps and bounds then you are kidding yourself imo. Just look at the history of the chart and that should tell you something. I have been following this stock from CDS days like a lot of others here. Good luck all.

Daily chart - 3 months with daily stochastic



Daily chart - 1 yaer with weekly stochastic