Succesfully broke out of our downtrend last week, but quickly found resistance at 5.7c (top orange line). Having a slight pullback now before retesting resistance at 5.7c again. Was a rough day on the market today so some of the selling may be due to that as well.
SP has been consolidating between 4.4c - 5.7c for the last 4 months (orange lines). Need a good piece of news from the company to break through the 5.7c resistance from here. Pullback now is healthy to unload any week hands before pushing through again.
Average volume is still increasing.
RBO Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
