When RRL finally broke through 3.00$ps in October 2011 she went up by 73% within 5 months until hitting the 4.40$ps resistance. During all this time there were only 6 red weeks.
The current uptrend that is already 2 months old (time flies, eh?) has gone up by 28% which is very similar in rate. However, so far we have already seen 5 red weeks in this trend which to me means, this time around is choppier.
If the present ride proves anything like the 2011 one, then we would be looking at 6.60$ps in three months time.
Keeping in mind, that it took only 3 months to break through the 3.00$ps resistance, and 5 months this year to be gone with the 4.40$ps.
In the short term we have 161.8% Fib-line resistance at just above 5$ps coming up.
RRL Price at posting:
$4.80 Sentiment: Hold Disclosure: Held
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