re: saucer pattern...
The chart is showing a typical Saucer Pattern that is not common – a period of decline with a flattening along the bottom before starting to rise again.
When the saucer pattern is in the upward direction it offers a strong buy signal, particularly when it follows a previous saucer pattern beginning July 2002.
In Oct 2003 it broke from this pattern rising from .037 to .085 over a 2 week period before beginning the decline.
A rise equal to the depth of the saucer is expected. In this case the height of the outer rim is 6c.
Watch for resistance/consolidation at the 3, 4, 5c mark.
As someone else commented, “Money is still flowing into RRS rather than out!”
RRS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
