it's the weekend 8-10apr , page-68

Thanks very much Jako64 for your RRL chart & TA/VSA perspective.

Your analysis/interpretation is very clear on your chart & coincides with mine. I agree it is not so easy to predict what may happen next but I think support is strong at $2.19/$2.20 and the timing & extent of short-term share price rises will depend on how many trapped holders wish to sell in the immediate future versus how soon SM wish to take the price higher & realise higher profits for themselves (or accumulate more at lower prices). As RRL is a current gold producer (as well as an explorer increasing its gold reserves) in Australia, I am inclined to favour the optimistic/positive scenario (given the high probability of higher gold prices in the short & medium term), although I suppose VSA usually beats FA from a short-term perspective.

Cheers,
Confucius