Ann: Q4 FY19 Sales Activity Update, page-38

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Saragian

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17/09/19

14:17

Post #: 40452152
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Originally posted by SimonGr ↑

Hi Saragian - Good call on the support level ... yet again! I think only 100 odd shares went through at 34c ... so 35c was the bottom (maybe 100,000 at that level).

I'm hoping we'll bounce hard now. IMO the fundamentals are there but could do with another reasonable size contract win to be announced to really kick the SP along.

@Saragian - considering the bribery scandal that nearly bankrupted RDF dragged on from ~Oct12 before settling in Feb17, is the previous history before Feb17 or the Nov17 recapitalisation so relevant? Note the highs around Oct12 were due to a takeover bid that was scuttled by the scandal. The scandal left a CEO in jail in the US and a broom into the board and senior management team (so a very different company today).

Not sure it'd change the support level much and since Feb17 it's been basically range trading ... but maybe a lower breakout number?

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Hi Simon.......good call.
Your patience is beginning to reap dividends.
Looking at the RDF chart, in isolation, from the low of 14c. on 31/08/15 to a high of 65.5c. 16/02/17, was a decent rally. This chart is the one to monitor in the near term for break outs and confirmation of a sustainable recovery.
Two breaks have already occurred......horizontal line resistance @ 41c., and trend line resistance (today) @ 50c.
Just my take.
Cheers.

RDF Price at posting: 51.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

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Ann: Q4 FY19 Sales Activity Update, page-38

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