There was a buy generated at $1.05 for RSG. Still in a short term downtrend. Breakout at $1.27 if it continues straight up. 1st resistance at $1.20 The medium term uptrend was broken therefore resistance again at $1.55 These resistance levels change if there is decent volatility. Accumulation/Distribution still angling down. To be honest the charts are not flattering. RSG may take longer than other stocks to capitalise on the rising gold price. It is a boat that floats so will go up with the tide. I suspect sovereign risk is the biggest issue for RSG.
SAR Price at posting:
$4.12 Sentiment: Buy Disclosure: Held
