RES resource generation limited

technical strength coming on nicely

  1. 233 Posts.
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    Technically this one is looking stronger by the day.

    It had a reasonable pullback on low volume today, and looks as though the selling is going to dry up again, which should then force us quickly higher due to low-ish liquidity, and algo trading support.

    We have had this 'bot' trading in progress on RES for nearly 2 weeks, and it is clearly in support of the buy side. NICE

    Should volume continue to dry up in coming sessions, the bullish appeal of this chart will improve further, potentially starting to pull in traders, who will assist the 'bot' owner in driving the price higher.

    RES has had a habit of spearing higher straight after some of it's super-low volume pull backs. This is mainly due to the lack of liquidity on the sell side.

    I've said before from the elliotwave standpoint this can go to $1.80 if as I expect we do see a W-3 unfold here.

    I like it
    The question is, do you like it?
 
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