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7.3¢ red river resources limited

RVR Chart, page-267

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Zeeshan

7,646 Posts.

618

15/03/18

19:38

Post #: 31787797
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Originally posted by Owenb79 ↑

I will do a mid month update. Price is at an interesting level. Had a close below 30. Its not uncommon for price action to return back to the start of the break so nearly there. I would expect a dip below the lower trend line and also the 200 ema that will get me in. The closing bar in isolation is a reversal bar. Could call it a hammer very hard with low vol stocks. But it is green after 10 days of negative indecisive price action so if you bought today might only see a few cents of pain or it could just go up.

I would like a bar to engulf that tomorrow. The whole 2 weeks that would get me in at 34. The dpo is big. Has not been that big before. Personally I would like to get in around 27 have a few days of consolidation and let the MACD turn. Lets see what happens. Might be some nice Fri selling.

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so should I put buy order at 27 cents? 28 cents ? or 29 cents?

RVR Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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