report

There was a interesting write up in the Sunday Age yesterday. Within the Investor section. Discusses the Chart of RES. I will re write for all.....
High Volatility; The share price exhibits a volatile history and, in a reflection of the price uncertainty, a large diamond pattern has formed over several years, incorporating a high at $4.58 in july 2008 and a low and pivot point around 15c in Feb 09. These patterns are noted for producing a powerful outcome and recent price movements suggest the outcome will be positive, with the price clearing initial resistance around 50c. In the short term, volatility may continue in the 50-70c range, providing buying opportunities ahead of breaking higher towards 85-90c and potentially $1.25-$1.35. The risk would be a drop below 45c.