Maybe. Of course this value (50c) is in my interests too. However, looking at the longer term chart, 39c is noted as the next resistance point, as was 25-27c and of course the 15c. The 15c point formed cup and handle and seemed to take forever. That formation was used also to calculate the next 25c resistance, and the calc can be found in one of my earlier post. One other point i note, given all the mining conferences last year and the spin of hillgrove repeated, rvr has not suceeded with increase in institutional holders. The top 20 holders still only hold 30% share. Hope 2021 see this rise to 70%, with aggressive buying, putting rvr alongside similar peers. If the above 50% share occurs, we could see some really sharp increase in share price following more rvr success anouncement, as there would effectively be less shares on market.
i also feel, many longs have/are exiting at the 25-30c level and this is caused by the stress of owning the stock during the 4.7c drop levels (where i first bought in). I did know this might happen, i mentioned months ago many longs will be only too happy just to get their money back and could put a break on the stock rise. I say the same now as i did then, wish the best for longs that are staying the ride.
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