RQL 0.00% 26.0¢ resource equipment ltd

70c support level broken, page-4

  1. 141 Posts.
    Yes I did think it was fully priced last year at 55c.

    BUT then there were a number of good announcements and and acquisition. I believe this has added to the value and that fair value is now around 65c. Which is what it is trading at today.

    Did you expect me to anticipate the announcements or acquisition ahead of time and price them in?

    I still maintain a keen interest in the stock and am following it closely, but I am looking for lower levels to provide a margin of safety of 15%. Based on that I would only look to purchase at sub 60c levels.

    FWIW - technically the chart seems to be agreeing with me. A Bearish Marozoubu candle yesterday and strong resistance at 70c in the prior week. There may be support at 65c and below that at 60c
 
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