sorry about the dbl post, lets look at technicals for short-term (3 months)The daily DMI + is above the DMI - by approx 10 points pointing to bullish trend,as does the slow stochastic...This is turning pretty bulish as they are gaining more control. As the chart is trading sideways we can assume there is some solid accumulation being had here with volume being its highest with over 4 million in the middle of May and over 4 million in the middle of June.Since then very little has traded hands giving a solid indicator of interest for various shareholders and houses.
The MFI shows 80-90 this month signifying Overbought coniditions which is a sign of confidence in the stock. The oversold conditions are the ones we dont want to see. With the recent acquisition of 60% of the Summit B property owned by Pistol bay mining and the recent closure of $219,500 PP on that very same day (June 29th) we have some certainty we will be able to do some geosurveyson the property and confirm the inevetable. With CXO shares hovering around .70 cents and our shares gimping along at 3-4 cents PS I consider this a steal for any V.RZ investor.
I am a new investor and am optimistic like any other investor in Revolver Resources and simply look at the fundamentals, technicals and overall potential of this company. This one mineral venture co. is undervalued in my honest opinion. You can accuse me of pumping, but hey check out the technicals yourself then. This is a winner, and I wish you the best of luck! Lets go RZ.V