Not sure I've ever posted here for RRL but I've bought in and out of RRL over the last 2 years and that's not been an uncommon behaviour (from my simple perspective) when the price of gold reaches a certain point the shorters rush in and RRL drops fairly consistently over a 4 to 6 week period (sometimes the short as volume has been as high as 70%). When the price of gold doesn't drop the shorting stops and the shorters rush back in and the price comes back just as quickly as it dropped. I'm no expert but I've been literally relying on that behaviour across RRL, EVN and NST for sometime. No expert, not a chartist , not a financial adviser , do your own research etc etc but it's been a reliable buy and sell indicator for me for at least 18 months. It might not be that simple but seems to be following the same pattern.
RRL Price at posting:
$5.08 Sentiment: Hold Disclosure: Held
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