My position. Took a position at 5.5c average. My analysis shows we have a support at 14c and resistance at 16c. Did this work months ago.
Market is doing exactly as i thought, looking at the technical indicators which dumbly tell traders to sell. Handle should form, with decreasing volume and price. However, with all this drill results, this may interfere with the handle, so at worse a pause in climb may result. The resume in climb will definetely happen on the next qrtly. It would be nice to have the shakout of weak hands before though, so a sharp increase in price can again happen. Today saw a large volume of trades without much progress in price.....we may see that volume suddenely dries up in the coming days as desperate traders pull back their bids in a hope to get the weak hands into selling. Welcome to the handle!. Same story... boring boring i read them like a book.
RVR Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
