From a ta viewpoint......it's my opinion that rrs is poised to test and break thru .065 resistance any time now. When this happens, we will probably see a strong initial rally up to .08+.
Imo, it's bullish to find an accum/dist scraping bottom while the mfi (smarter money) is rising. You have a macd rising at 45 degrees since mid-june, low adx and rsi plus a continuing positive parabolic sar and slightly positive cmf. There also seemed to be a definitive strong 'buy' bias towards the end of last week (see p.s.).
In addition there's the pending pea next month and the other very positive fundamentals brought up by the numerous excellent posters on this board. For those who believe in buying low, it doesn't get much better than this imo.
p.s. a few of you mentioned about sns. Well, I suspect sns's surge in price last week may have sparked increased buying interest in rrs. We'll find out soon enough.
From a ta viewpoint, sns had an 'inside' day on friday, meaning that it couldn't break thru the previous day's .385 high. Usually this means that sp will retreat. If it can't break thru and close above .385 on monday, then I most likely sp will fall back to at least close that up gap at .29 area. We'll see what happens. Jmvho.
goldopp