The SP was in a downward trend until we bought Red5 shares back in September 23 then it rallied to its high at merger announcement . As the merge doesn’t happen until may/June I’d say traders have taken their gains and the SP is back to the resistance level. If the merge doesn’t go ahead , we could be heading back down to the support of 80 or worse. Merge and we’ll be in a great position for a rerate. For me I think Red5 will get better offer or the Merger gets voted in. This is just my opinion and I’m not a technical trader so I could be wrong .![]()
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- Enough to see... red !!!
Enough to see... red !!!, page-61
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