RRL

I wonder, could there be signs of life for long suffering holders?

Bull hammer at 3p support on bullish RSI and OBV dovergences (OBV divergences are quite rare) followed by Friday's bullish engulfing candle:



dl.dropbox.com/u/20815047/RRLdaily20_01_13.gif

Obviously, this is in a major downtrend and bottom fishing can be very risky. If this works out then stops could be placed below Friday's low of 3.165p.

Jackozy - posted similar last week.

I think it is in a falling wedge pattern, which is often bullish. I believe 3p region could be its bottoom.

Sorry clarky - must have missed that. There was significant volume for the 3p bounce so it looks good to me. I did take a risky entry early on Friday so beware bias. Lot's of resistance ahead of course.

Agree - hurdles to cross first where I will be taking profit. I hope lol.

nice rise today...worm finally turned??

GL ALL

I think yesterdays close was the first close above the 50MA since 4th April 2012.

Has anyone got any short term targets for RRL?
the 200MA is currently around 5.22, but a close above 4p would be the first hurdle

Thanks