it's certainly felt like it has found support at around these levels but that's unsurprising considering the revenue of 9m, cash 6.3m and a market cap 35m. I still have no doubt that there will be plenty looking to offload their stock as it climbs since many will be heavily underwater after the 80c odd highs of within a year ago
I can definitely subscribe to charting as a guide but we know it's dependent on what's in the annual to come. We have a good idea considering the last quarterly so there shouldn't be any surprises (hopefully, assuming they'd be bad if any) and the lure of a positiveunderlying EBITDA with cash in the bank should see this climb.
This week has been the first time in a while where the stock price has looked like it wants to appreciate
RCL Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
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