For a bad market day like today rap did pretty well with 6m share trading. The opening gap mostly filled and 10% increase has been held tightly, guess whoever sold today won’t be able to buy back much cheaper later.
The significance of recent news are that more new investors are introduced here with their cost above 22c. Our SP rise for 6 months from 7c and it’s only half way of this run! We have seen resistance from 28-30 cents today but not invincible, maybe only takes a few trading days to break through.
The big pictures of RAP has been the brightest ever with many cards in hand. Investors are anticipating news for real deal soon, any of those can easily trigger another 30-50% rise without notice. There will certainly be more buyers than sellers with steady lift of SP. Enjoy the ride everyone!
rap chart, page-1362
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