RRS - any thoughts?

Replied by ronnie on topic RRS

While everything has gone down this has gone up, looking bullish since breakout of trend-line.

dl.dropboxusercontent.com/u/4899609/rrs030314.png

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Replied by redchilly on topic RRS - any thoughts?

SL moved to below today's low of 4688
momentum is reducing on this one so time to lock profits on this one too!

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Replied by redchilly on topic RRS - any thoughts?

I have added to my Long position today

SL for the entire lot moved to below yesterdays low - 4300

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Replied by Jackozy on topic RRS - any thoughts?

This is approaching the main downtrend resistance so possibly worth a short. I'll be watching that RSI though as if that breaks out first it could signal an upward breakout instead:

dl.dropboxusercontent.com/u/20815047/FTS...RRSdaily02_02_14.png

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Replied by redchilly on topic RRS - any thoughts?

follow up chart and its a free trade ( WR2 I owe you a pint!)

SL moved to below today's low

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Replied by redchilly on topic RRS - any thoughts?

Agree WR2

I have gone long on break of previous high ( 3963, 3 of 123 low) @ 3980
SL is below 3916

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