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20.5¢ resapp health limited

rap chart, page-27

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AlCp

26,661 Posts.

1729

08/04/18

13:27

Post #: 32299627
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Originally posted by demoniaco ↑

My concern with the chart is that the moves are on relatively low volumes compared to post-dump volumes.

My guess here is either that selling pressure has lifted, or someone with big pockets is still looking to exit but at a better price..

Either way, I'm loving the cup and looong handle formation. Volumes have spiked at the tops of the both sides of the cup as one would expect.
The price broke out to 15c on a Friday which is definitely positive, and it broke out on rising volumes not a single pump, which is also positive.

View attachment 1047484

View attachment 1047487

Not sure about TA charting on such a massive gap, never done that before.. But..
19.5c looks like a potential target next week if there's a TA pump.

Expand

If the market depth are real, it does look much stronger this time around so it might hold if some big holder dumps.

RAP Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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