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7.3¢ red river resources limited

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chiforker

129 Posts.

34

05/12/21

22:18

Post #: 58085995
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Originally posted by chiforker: ↑

RVR is looking promising.

The stock is just bouncing off the rising month MA, now sitting on both daily and weekly MA support. It doesn't appear that the gap below is going to be filled, as the upper boundary of the gap has been tested a number of times without penetrating it.

The up leg had significant volume.

The movement has been smoother and with clearer rhythm lately, indicating possible smart money maneuver.

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Since my last post, RVR has broken daily and weekly MA. My proprietary volume indicator now falls below zero, meaning bearish sentiment.

I will move on to watch other stocks.

RVR Price at posting: 18.5¢ Sentiment: Sell Disclosure: Not Held
6 Upvote

1 Great analysis

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