RE: RE: ROZ ready for the explosive move Today we broke a huge resistance at .08 and we close at the high of the day, throughout the week ROZ showed strong support and the selling dried up giving place to accumulation by savvy and strong hands investors.
In coming days we should see some rapid upward moves, as there is some gaps ROZ needs to close on it's way up and as investors average down and shorts start covering .
ROZ has some news coming ( could be a JV with a large and well financed company as the CEO mentioned they were on talks with some companies )
In past weeks ROZ came out with news of missing targets on some wildcat exploration wells, and the sell off started, it has not helped the turmoil on the markets and lets add the tax loss selling season, shorters saw the opportunity to make their move and pounce right in, investors panicked and the result was an extremely oversold stock and a ridiculous drop on the share price
The land package ROZ has is huge the focus area is over 23 millions gross acres and there is oil in the area as ROZ has showed and it is just matter of time for ROZ to drill on the right spot
Of course there is the possibility of a take over, you never know look around and many companies are being bought out at discount prices and ROZ at these prices is an ideal candidate,
Always do your dd
SB