No-one can truly say what he market is gonna do next, but maybe...

No-one can truly say what he market is gonna do next, but maybe a little analysis in this case shows up bullish possibilities

Technically I think this can go to $2.00 in the next month or so (as long as the US doesn't pull us all down the sink-hole in the meantime)

If RES can put in the next low above 60c, the overall pattern remains impulsive in nature, which bodes well for the chances of wave 3 to come.

Check a daily chart, and zoom in to isolate the beginning of March through to now.

My EW count has an A-B-C Wave-1 off the March lows to the last high at ~60c. Into a shallow Wave-2 to the ~40c pivot, followed by that strong move up to $1 resistance.

The retracement off the $1 highs has been on very low volume comparitive to the upswing, and we are going to bump into the 61.8 fib retracement line shortly

hold onto your hats!