RR1 0.00% 1.4¢ reach resources limited

Chart, page-22

  1. 5,540 Posts.
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    Hi mate. A lot of shares changed hands today at a 1.4c VWAP - although SP closed at 1.3c
    Increasing volume and VWAP is bullish IMO.
    We did have a first test of the 1.4c level in a while
    SP opened outside the BBs today, I did had a feeling that it'll retrace back to BB which it did in the absence of news.
    Usually SP lingers below the 62% awaiting news, a favourable announcement should see this gap up strongly above the 1.4c level.
    Ultimately it's the drilling results that's going to move our SP, as RR1 doesn't seem to be a leaky ship at all.
    GLTAH
 
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