Friday trading offered a couple of key indicator in my view towards to trading starting Monday morning.
Low Volume trading day - Holders were happy to hold their position and buyers rushed in on weakness. The low (weakness) was within 10% of the close which represent and higher sp close on Monday.
CR - The CR at 3.5 did not affect the sp dramatically, this was because of the huge upside to RYG going forward with DD so close and other potential news (partners) within days.
As mentioned prior, the sp will sit in the 5c range until DD or other news is released. I believe this due to the charting (last high) and (Darvis Box).
DD - Is the next ann and sp will surpass 6c (if favorable). Tech Partner may be included or released separately.
PARTNER - As mentioned above, if the partner is not included with the DD ann, we will see a second opportunity for increase of sp with a reputable partner.
Please do your own research, fully loaded with RYG as the best share in 2015/2016.
RYG Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
