RKH

Possible long at trendline after a higher low/higher high:



dl.dropbox.com/u/20815047/RKHdaily25_01_13.gif

J, I genuinely hadn't seen your post when I posted on the RKH board!

also been thinking on this past few weeks...like many I only post a few, when I do wads!..anyway my thinking over the next few weeks etc on this (chart a few days old)

First time posting on this board, only came across it today so here goes. RKH - one of my favorite shares for making £'s, Its liquid and easy to chart. As you can see from my posted chart, theres 2 lines of support at 161 and 161.50 with a 50% fib retrace at 160.40. Taking the spread into account a good buying price would be 161 to 163 . It Took a 1.67% hit today which is to be expected on a Friday afternoon with day traders taking profit not wanting to hold over the weekend. Can see a bullish Monday morning and if she holds then its upto 185 for a 15% profit in 7 days. Of course its all in my opinion so do your own research and best of luck.

dl.dropbox.com/u/11107241/ROCKHOPPER%20E...ORD%201P%20Daily.gif

Good upside target to 195 around 20%

30min P&F...right at the support
dl.dropbox.com/u/11107241/ROCKHOPPER%20E...RD%201P%2030Mins.gif

30min on Box size works better in P&F, this is based on my recent analysis using P&F Charts..

Thanks for highlighting...

Cheers
Ramu

RKH has charted beautifully in the past 5-6 months.

based on the chart below, I prefer a long at these current levels also.

however one waive of concern would be the recent break of the RSO support trendline - this is a possible bearish signal.

That said, I do expect some kind of bounce at these levels, and what I would look for is a re-touch of the RSI trendline, this time as resistance - this would be my exit price for one of my weights.