RRS 0.00% 0.1¢ range resources limited

solid bids, page-23

  1. 1,538 Posts.
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    Cat Chopper,thanks.
    If no good news and cant hold at 4.9, your target 3.8/4.3 can be met.

    Fibonacci Calculator
    High: 7.6c Low: 2.3c
    Retracement
    23.6% = 6.3 (done)
    38.2% = 5.5 (done)
    50.0% = 4.9 (done,perfectly!)
    61.8% = 4.3 will be
    78.6% = 3.4 ?
    100.0% = 2.3 ???

    Chart is still too high, many cheap shares (3c) are ready to off load on market. That is why big guy exercised oppies for. They make good profit + free new optns for further gain.

    Drilling cant happen until pirate is clear. RRS has said drill and drill for years but never does. Now they say will drill at the end of this year. To me maybe end of next year or longer, who knows? That is why I stick with chart by not buying when chart is not low enough. Recent bounce back to 6.8c is normal course of chart and RRS is on down trend. I am very keen to wait for 4c or lower. However, you never know, big guy may pump and dump again. I may be right and WRONG. Take care and good luck.


 
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