Loooonngggg time no speak. Life has dealt me some excellent hands recently so I have been busy taking full advantage.
Now RDF. From a charting perspective it is well and truly looking like a stage 4 decline.
The RSI is awful and the 30 week MA is clearly declining.
Of course anything can happen but the odds at this point favour further decline.
I would want to see the volumes of trade increase once again as a sign of impending change.
It's weird how the market will raise a company share price for no apparent reason and then in the face of good news will mark down the same stock, go figure.
I would love to see the AUS$ drop back. It will give many of my mining stocks a shot in the arm.
I think BDG will be at or about $2 by Xmas (sorry off thread statement).
RDF Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
