RAP 0.00% 20.5¢ resapp health limited

rap chart, page-38

  1. 2,737 Posts.
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    Don't worry bud, I suspect you'll get another chance depending on your time frame/trailing stop loss rules.

    There's so much news flow to come over the next 2 - 3 months, upwards momentum is strong with old investors still holding (T20 hasn't changed) or returning and new investors are just hearing the story for the first time.

    From a TA point of view, look back at what RAP did last time it broke ~0.14 (back in Feb 2016...when I first started buying), it did not hang around long before it was knocking at 0.30, only coming back for a breather to 0.20 for the cap raise before shooting upwards again.

    After a near terminal demise, the de-fib kicked in on the 23/02/2018 with the break above 0.10 and based on the 3 year chart, key resistance looks to be is at 0.30, rather than 0.20

    IMO, RAP is just getting started (or re-started) and this next period of price appreciation could have a long way to go yet.

    RAP 2018.04.10.jpg
    Last edited by dman0: 10/04/18
 
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