TSXV:RTI.H - Post by User
Post by
Ducksoup000001on Mar 27, 2017 2:13pm
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Post# 26036840
On pure TA of the trading this morning
On pure TA of the trading this morningI cannot say I am not happy about the sp going up near and above the $0.7 level. Psychological importance to traders that we now have a confirmation of a trend reversal. There is still short covering contributing to the rise though. No obvious big bid orders is observed. We will see how the close of today will look like. I am beginning to feel more comfortable with a trading range developed around (and could be a bit higher than what we see right now).
A lot of us have moved close to the hyper mode in anticipation of the good test results. This could attract some attention from the short term speculators. In the days to comes low to average volume will drive the sp up and down a few pennies with no commitment. Personally I would like to see a strong rally with over 1.5 million trading shares for a few days. If that can happen my sp target will extend from $0.8 to $0.85 as a first stage. All my comments here is pure TA and presents the possibility of how sp will go. The news, how it will be interpreted and the sp will be ultimately decided by the force of the market,
Hope that helps to clarify where I see the trend goes. Good luck all.