Radient Technologies Inc V.RTI.H

RE:Technical Rebound continues

[Millennial2000]

Today is technical rebound part 2:

It is encouraging to see today’s rebound from the low a 1.05 going through levels @ $1.42 then @ $1.53 in such an orderly fashion as per my previous post below. Are we out of the woods yet? Give it one more day for clarity while I will monitor closely for tomorrow ‘s price action. The momentum for RTI seems like coming back strongly after the US market recovers almost half of yesterday’s loss. If it can close for tomorrow above the $1.64 level with good volume we could very well be on our way to a V-shaped recovery back to the mean between $1.72 to $1.77. Treat these few days as a period of rebalance and opportunity to grab cheap shares under $1.50 before the next news update on the remaining license applications.

Millennial2000 wrote: If you think this license causes the rise you are so naive. The license that is just approved is for R&D only on pot.The most important license of all - approval to manufacture for medical use is yet to come and which is the real catalyst for higher prices.

As explained in my previous post the range of the technical rebound level is 1.42, 1.53 and 1.64. So far this morning 1.53 is a resistance to overcome. We are not out of the woods yet, so give it a few days. For the longs just be patient. For the traders/flippers this morning a dip again to 1.15 and then back up to above 1.42 means the easy money has been made.