My opinion for what its worth and from what I can see on the...

My opinion for what its worth and from what I can see on the chart is that RAU is in a well defined down trend and possible oversold and may be due for a small bounce of upto around 0.3to 0.5c (back into its well defined down trending channel),not so small considering its at 1.5 now but has recently broken long term support of around 1.8c (now resistance). Also remember the last placement at 2.5c, have these guys cashed in already or perhaps thinking of excuses as to why they have held on, i don't know. Anyway worth a buy at a pip or 2 below current levels in anticipation of a quick bounce however I wouldnt be suprised to see it down to 1c or lower in the near future but worth the risk imo for a little trade.