since RES follows the XAO closely things are looking good for both.
If the XAO reverses tomorrow this setup may play out, there are so many stocks (big and small)at the moment just waiting to break out of this same set up, BHP,PDN,IPL to name just to name a few, and many of the coalers as well
The Bollinger bands on RES have been indicating a change of trend as well, with a 12c initial target.
It looks like its all up to the XAO, the current fulcrum is nicely placed at the 4000 level
RES Price at posting:
95.0¢ Sentiment: Hold Disclosure: Held
