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20.5¢ resapp health limited

totally agree dman0 about the 35c holding, I was so confident I...

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welchdave4a

617 Posts.

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24/01/17

00:29

Post #: 22091309
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Originally posted by dman0 ↑

Investment timeframes are different for everyone, but for a stock that is up around 150% in the past year, I hardly think a 2 month accumulation phase should be considered a "long term downtrend". For me, RAP lost momentum in mid-November. 0.35 was an important technical level which I thought would hold, but Director selling triggered capitulation which took prices briefly to <0.30 in mid-December. This was a great entry opportunity, from which prices have stabilised, and are now looking ready to move higher. As per usual, all will become clear when we're looking in the revision mirror.

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totally agree dman0 about the 35c holding, I was so confident I topped up a few and got shocked with the dump. Now it has resettled I am expecting it to hit resistance at 38.5c and if news come inbetween expecting into the 40's IMHO

RAP Price at posting: 34.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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