technical buy

After cooling off for a couple of months, RPT is now a technical buy. In the past 5 days, I have received 3 separate buy signals and yesterdays MA crossover signed the deal.

MACD gave me the first signal, followed up by a rising ADX through the DMI- line and then the 3rd signal as mentioned above confirmed it as a buy. On top of that volume has been steadily rising.

See below chart for confirmation of the above. On a more macro level, RPT is part of a very hot sector which is back in favour. While chart predictions on speculative stocks can sometimes be hard for a variety of reasons, I am tentatively aiming for a short term (1-2) months of around 12 cents.

On a fundamental level, RPT has a JORC compliant uranium resource which they are looking to prove up with drilling commencing shortly. As Tigerten has mentioned in the past, however, management hasnt proved their worth yet so whether they can do anything with what they've got is another story.

Good luck to holders

Marchello