RRL

Sorry clarky - must have missed that. There was significant volume for the 3p bounce so it looks good to me. I did take a risky entry early on Friday so beware bias. Lot's of resistance ahead of course.

Jackozy - posted similar last week.

I think it is in a falling wedge pattern, which is often bullish. I believe 3p region could be its bottoom.

I wonder, could there be signs of life for long suffering holders?

Bull hammer at 3p support on bullish RSI and OBV dovergences (OBV divergences are quite rare) followed by Friday's bullish engulfing candle:



dl.dropbox.com/u/20815047/RRLdaily20_01_13.gif

Obviously, this is in a major downtrend and bottom fishing can be very risky. If this works out then stops could be placed below Friday's low of 3.165p.