RCH richfield group limited

And what a day it was too.Over 4M bought on the way up between...

  1. 491 Posts.
    And what a day it was too.

    Over 4M bought on the way up between 0.038 and 0.040 to cap of the close at 0.041 giving us a single day gain of 28%.

    Rising volume for 3 days and heavy volume today of 27.9M shares traded and no news.
    That smacks of either news coming or a speeding ticket.
    What do "they" know.

    Relative Analysis
    First Listed: 24-12-1999
    Record High: 0.486
    Record Low: 0.002
    Record Volume: 102,386,569
    6-month High: 0.050
    5-day EMA: 0.033
    10-day EMA: 0.033
    15-day EMA: 0.033
    30-day EMA: 0.032
    Avg Volume: 3,169,717

    Snapshot 10-01-2008 20:51
    Last Traded: 10-01-2008
    Last Price: 0.041
    Tick rise: 9
    No. of Trades: 188
    Volume: 27,935,937
    Opening Price: 0.034
    High Price: 0.041
    Low Price: 0.034
    Buyers: 0.041 (12,810,336)
    Sellers: 0.042 (13,416,316)

    Buyers and sellers are just about line ball but tomorrow being Friday that could change in a flash as the traders move in for their profits unless of course there is some news coming that might just keep her going.

    Technically the recent high of 0.05 cents could easily be tested again but if it breaks and holds 0.047 then we have a chance of a sustained rally this being the first day.

    All data reproduced with permission from TurboTrader the only live tool I use for trading, besides E*Trade of course.

    cheers
    kse3137
 
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