News is definately the deciding factor, untill then we will see this stalemate trading.
6.9cents was the intra month low reached some 2 weeks ago before it went to 10cents on the same day on news!
high 6's to low 7's was also what RTM was trading at before the Initial Uranium ANN back at Mid March, which sent the stock to 17cents!
My feeling is that those traders that have their bids at these levels consider them to be a bargain, probably existing holders that would top up if the price were to fall to this level considering RTM's trading history, and a stop loss at 6.8cents ISH would seem appropriate
IMHO there just seems to be too much upside potential with positive news vs small 5-10% risk if you buy in at this level, and that is why those holding continue to do so anticipating news.
Of course this is just my humble opinion, please do your own research.
- Forums
- ASX - By Stock
- RTM
- trend
RTM
reefton mining nl
trend, page-4
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)