RVR 0.00% 7.3¢ red river resources limited

The Zn price does look like it's rolling over if you only look...

  1. 701 Posts.
    lightbulb Created with Sketch. 120
    The Zn price does look like it's rolling over if you only look at this 60 day chart. The only thing is it must be just a shakeout because the fundamental story is so strong. Just wait for the Zn price to recover and then bust through $1.30 and you will get the SP action you are looking for. Then when the plant starts up ...

    http://www.*****net.com/charts/metals/base/spot-zinc-60d-Large.gif
    It's a good lesson to always look at short term charts in the context of the longer term. On a one year chart it doesn't look so bad, eh? Just getting read for the next leg higher, I'd say.
    http://www.*****net.com/charts/metals/base/spot-zinc-1y-Large.gif
    cheers,
    Tim.
 
watchlist Created with Sketch. Add RVR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.