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RMP ENERGY INC T.RMP

"Iron Bridge Resources Inc, formerly RMP Energy Inc is a crude oil and natural gas company engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids in Western Canada."


TSX:RMP - Post by User

Bullboard Posts
Post by larsen6on Apr 02, 2013 3:48pm
207 Views
Post# 21200525

Backfilling Again

Backfilling Again

RMP follows a pretty consistent pattern:

 

Rise to a  new all time high, sell off 5-10%, then grind away for a while.  Then rise to new all time high ...

 

 Based on the number of shares bought in the $3.80's, that area will be strong resistance on this backfill.

 

It is spring selling season for the E&Ps.  Some like RPL, PRY, MMT, MEI, TOG etc. have had their heads handed to them.  Others like TOL and DTX, while their performance is not thrilling, have stayed the course. 

 

The great news is that looking at the graph for RMP, we have been on the right ship for quite some time.

 

Larsen6

Bullboard Posts