REY rey resources limited
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REY shows an inverted head and shoulders pattern, which has a...

  1. malay
    11,060 Posts.
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    06/01/11
    12:08
    Post #: 7694591
    REY shows an inverted head and shoulders pattern, which has a high level of success rate.The interesting part of the chart is, REY has reached a new high and has now retrace for 3 days right on support level at 31.5 and today has bounce off it.I expect within normal condition, REY's SP is likely to move up from here.Incidentally, the retracement is on low volume and with the festive season over, there should be some serious business done REY's way.DYOR, IMHO
    REY Price at posting: 32.5¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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