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22.0¢ roto-gro international limited

Cheers,I was not advocating a trade, simply offering a charting...

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Veritas2000

12,722 Posts.

1046

28/05/21

14:27

Post #: 53490756
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Originally posted by HairyRichard: ↑

I think it's high risk at the moment for a short term play. It's under the 200ma, 20ma and 6ma.
If you were one to follow gap theory, you'd be waiting for it to reach 4.1c, but that gap also happens to sit right on the all time low, which may show support or fail, meaning you're stopped out very quickly.
A bounce off 4.1 would be good to see, but I still wouldn't buy it after that. Fundamentals aside, there's plenty better opportunities out there.

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Cheers,

I was not advocating a trade, simply offering a charting perspective in that it has just achieved a triple bottom and as such I envisage a rebound up towards a 20% increase.

Purely a technical offering for anyone holding

V

RGI Price at posting: 4.5¢ Sentiment: Buy Disclosure: Not Held
3 Upvote

0 Great analysis

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