RDF 0.00% 95.8¢ redflex holdings limited

predictions please, page-4

  1. 5,798 Posts.
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    Good insight there Rod, and very nicely put :)

    My mistake re the ASX300 - I hadn't realized it was already in there, and that the 200 was the next step. That should give things a kick along methinks - most of the instos would jump at the chance to buy something with growth prospects as good as RDF I would have thought.

    Speaking again as a pure chartie, everything still looks very healthy indeed, and the 90,000 for sale at $4 is the resistance factor that needs to be wiped out. Once this is done, and the price goes above $4, then I think an early fairly rapid rise to $4.30 - 4.50 would be on the cards, with $4 being the new support level. The SP is nudging again at that $4 resistance line today, and I expect this to continue for a week or three yet. No sign of the overall trend weakening on my charts.

    My stop is at 3.73, that last resistance/support level, which also gives the stock a bit of room to move, and have a breather from time to time. Having been in it since $1.04 upwards, this is all looking very nice so far :)

 
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