RAP 0.00% 20.5¢ raptor resources limited

More Exposure, page-18

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
  1. 2,504 Posts.
    One issue I see with charting is that it tends to ignore a couple of things:

    a) Friday end of day exits (concerns about holding over a weekend for global reasons, etc)
    b) Psychological barriers (in this case 29c).

    RAP hit both of these barriers last week. The solid 7 day upward trend hasn't finished yet IMO. Market cap is very low still, and see no reason why we can't hit 40c this week. There was a LOT of buy in at high 20's which will form a new base. We have already seen big sells from early profit takers from 3rd to 9th March. RAP is one of those stocks that is under appreciated and can take some time for market movers to pick up on; but once they do the momentum will build quite fast (which is what we saw last week). With an ANN pending, and investors adding spec stocks to their portfolio like crazy at present, RAP will see some solid gains and fast I reckon. Monday's tend to be a positive day for stocks as well (due to Friday exits returning) - and we have a fantastic setup from US markets on Friday night.
 
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