Always with the negative waves Moriaty, always with the negative waves
Quote:
Originally Posted by
Bobcat.
Don't be so sure, SL.
The charts are showing me staggered resistance - $8.00 then $7.90 then $7.85. Smarter bears sit down every so often before again rising up on their haunches. The big boost in Equity markets last Thursday has done little to boost RYM's sp. If 770 gets broken then that would confirm a downward trend (for the short-term at least).
...of course, if its sp was to break through $7.90 then Bulls may indeed be making a comeback, but don't be surprised if there is some profit taking already underway with this pup which will drive the price south for a while. My best guess (hang me out to dry on it if you must) is a sp closer to $7 by end of January.
BC
Looks OK from where I am:
Attachment 5243
Best Wishes
Paper Tiger