I agree with your price sentiment but I don't know why it's been so strong - particularly in the past 2 weeks. The volume has been enough to make me take notice and the pull backs have been met daily with buyers and always finish strong. There is something going on and for once it seems like more than just internet hype and company propaganda - there is no active company updates or marketing going on and yet the SP is rising. If it was on 5m a day on AIM I'd bee suspicious but 20-40m days are pretty real.
Stocks can hit airpockets on the way up as well as down so while I agree that 10-12p is all you could reasonable expect pre drilling it seems that RRL (and therefore RRS and RRSO) could be in for an up draft that might extend those levels a little bit.
I still think a sustained move about 7-8p and 12/13c is key to a re rating of Range - it is having a fair go at it right now.
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uk analyst ? not that good, page-9
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