Well todays SP action was a bit surprising but IMO not such a bad thing as it doesnt hurt to rest a little on the way up. Yesterdays top respected the 68.1 fib and todays low held with support on the 38.2 % line. Not a lot of volume in support of the SP direction either. IMHO I would be watching for a retest of the 68.1% at 86.5 and a break above may be the move back to the top of the trend channel.
Time will tell
Good luck all
RES Price at posting:
73.6¢ Sentiment: Hold Disclosure: Held
