RAP 0.00% 20.5¢ resapp health limited

rap chart, page-1062

  1. 2,737 Posts.
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    Nice one. Yeah, I reckon a +120% move in the sp will be about right from here with CE Mark Approval.

    My suspicion is the 0.20-0.24 resistance may prove more important/harder to break than the 0.28-0.30 resistance.

    The 0.20-0.24 level represents the last cap raise and relatively recent investors "getting their money back" or those that have double bagged from 0.10 entry and happy to take profits and rotate in to other stocks whilst this plays out.

    I suspect the investors from 0.28-0.35 levels from back in 2016-2017 mostly capitulated and exited during that terrible day (almost two years ago now) and the long weeks and months that followed when huge volumes went through.

    The long-term retail investors like me and many others here, who have held during all this, the TOP 20 and Fidelity who understand the magnitude of the opportunity with ResApp are unlikely to be providing supply and selling at 0.30 IMO.

    https://hotcopper.com.au/data/attachments/1620/1620976-f291c702bc4f94fe941ffe365f8a52fb.jpg

 
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