Short Term Trading Week Starting: 18 Sept, page-181

  1. 2,607 Posts.
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    STTCOMP RFN, TA Long

    RFN - Reffind Ltd
    IT - HR Technology that companies use to recruit, manage and develop
    Market Cap: $5.2M
    Cash: Raised $1.6m by placement earlier this month
    Last price: 1.2c

    This company is a wee little nano cap. There seems to be some action on the chart though.

    2017-09-21 RFN Daily Chart - W1.png

    Volume has been very low for months but has increased significantly over the past two months. There is a possible Elliott Wave pattern in play. Looking at the chart I see a potential wave 1 and 2. This means that the next phase could be an uptrend.
    Watching the day's trades there appears to be accumulation occurring as well.
    RSI is stable on both the daily and weekly so this stock has no momentum barriers for upward movements.
 
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