T/A Looks Very Good for RLOne of the most bullish technical signals is when the 50DMA crosses above the 200DMA. In RL’s case this has happened twice in the last year. The first time was in May 2002 and the share price jumped from $0.18 to $0.45 in a few short weeks. The second time was January 2003 and the share price rose from the low $0.20’s to the high $0.20’s.
Currently the 50DMA is at $0.15 and the 200DMA is at $0.16 and they are set to cross once again. The MACD is showing a positive uptrend.
Technically RL looks to be set for a major increase in share price. IMO.