STTCOMP RFN, TA Long
(ASX:REFFIND LIMITED )
SP: 4.5c
MC: $ 23.1mil
Cash: $3.65mil
Shares: 515,500,000
Daily Chart
Bullflag/pennant setup
After a decent move up to a high of 5.3c (from the 3c range), price has trended down to find a base around the 4.4c range.
Low buying volume starting to move the share price up a pip or 2 a day indicating no real selling left.
Selling volume decreasing is another indication of this.
Not much/any real resistance until RFN breaks past 52 week high of 6.8c
Technically looking for next price target of 6.5c (Fundamentally more..)
Still quite 'cheap' compared to peers in the sector and possibility of a new Blockchain acquisition soon.
Will most probably do a FA tip on RFN later today.
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