rbx the gun 101

hi thegun101

read your other post. thanks for the nice words, but not sure why you want my thoughts? i get them wrong more often than i get them right :)

anyway,

i got a heart attack when i looked at todays movement of RBX!! its up a fair bit.

ok, this is the first i have heard of RBX, so take my thoughts lightly. they are free thoughts afterall :)

and more importantly, there is not much data on the charts.

daily:

1. share price is outside bollinger bands. sooner or later it should snap back. Possible pull back spots would be to looks at the fib ratios's, or the 10sma.

2. stochastic id over bought.

3. there is now a gap at 4 cents.

weekly:

1. share price today hit 5.5 cents, the high from 3 years ago. this could be a resistance point if a few people logging in tonight after work see they can get their money back after 3 years and sell it off tomorrow

2. if it goes higher refer to next chart for price ranges it could get to

3. share price is outside the weekly bollinger band also.

4. stochastic is overbought also.

5. (i dont trust the gap on the weekly chart, not that big a gap on the daily - must be a comsec error?)

monthly:

1. share price has broken out of a 4 year downtrend line, more upside to come longer term

2. stochastic is overbought on the monthly also

Summary, looks overbought, but if SFR and SIR are anything to go by, it could well continue up and not have a pull back at all. the share price could just consolidate where it is and then move up.

over time the charts will look better. might update them next week for you (if you want)

up, same, down.... its only 3 ways it will go

good luck the gun101