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20.5¢ resapp health limited

RAP charting, page-7703

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TerribleTadpole

4,793 Posts.

2351

24/01/17

11:22

Post #: 22099220
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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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You too?!? I thought I was the only one who used a mirror when doing revisions.

RAP Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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