RE:accumulation done, RRS ready for the action !DoctorFouad wrote: some comments on the share price chart :
- it seems no one wants to sell below 10cents since already more than two weeks, this is clearly a strong support level.
- volume during october has been relatively low, which is understandable given lack of substantial news. it seems most investors interested in RRS are awaiting the next big news. On the other hand, investors with more confidence in RRS future potential have been accumulating slowly but steadily during october and since the second half of september selloff.
- October was an accumulation period, generally after accumulation is done, stocks are ready for a new rally if good news hit the market. I expect the volume to get stronger when the next news will be released, and the prrice per share to soar sharply during november.
We are more than Ready! We are well done! Lets get served before we are overcooked!