STTCOMP RVR, TA LONG
Red River Resources
Zinc Miner
MCap - $144.5M
Current Share price $0.29
Shares On Issue - 489.9M approx
The share price had been sold off due to a number of reasons since mid Feb but the overall trend is up over the previous year. The price has found support around the 200EMA over the last three weeks and the MACD has just crossed over. The RSI has bounced off the oversold region and steadily increasing. The chart looks prime to start heading up again as sellers dry up.
This company is also demonstrating some good fundamentals but might put that in a separate tip if I have time.
Please DYOR research and this is not a buy or sell recommendation.
STTCOMP RVR, TA LONG Red River Resources Zinc Miner MCap -...
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