RFE 0.00% 0.0¢ series 2018-1 reds trust

double bottom

  1. 61 Posts.
    If you are into technicals then a double bottom will be confirmed by:

    1) A close over 50c
    2) weekly volume of 3m+

    Perhaps someone more clever than I can post a chart to illustrate this.

    I'd also think that there fundamentals are all there, this stock or "story" just lacks upside momentum which is the lifeblood of all small cap Aussie resource stocks.

    RFE has had momentum in the past. I'm not sure what the catalyst will be to get it back. Most likely it will be self-fulfilling, i.e. buying begets more buying.
    But if it comes you want to be in for the ride, RFE has shown in the past it can turn on a dime and run like Lola.
 
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