RRL Range Resources

hope this helps - from Friday


uk.advfn.com/p.php?pid=chartscreenshotsh...UiA+4&symbol=L%5ERRL

long term support @ 3.4p , 3.2p, 2.74p, 1.85p and the bottom at 1.2p ( gulp )

no position and hadnt realised how much this had come down since i last looked .

pj

Thanks for the comments people, appreciated

sorry but for now the risk/reward is fisrt touch punt at 3p (just from my observations many shares bounce from 3p to 5p) but longer term weekly views suggests 1.75p for best risk/reward (sorry!)

I have given up trying to second guess this, just when you think it won't go any lower, it does.

Precogz says this:

www.iii.co.uk/news-opinion/precogz/preco...ily-forecast-2112012


LSE:RRL - Range Res. - Close Mid-Price, 3.97p -1.73%. High: 4.12p. Low: 3.9p.

Outlook Unchanged: Anything which takes the price below 3.8p gives a bottom potential of 3.13p. The price really requires closing above 5p before we would regain any hope. ***


However, this sort of matches with what I can see from the weekly chart

picasaweb.google.com/lh/photo/KRAV5JzUHq...EZOI?feat=directlink


You have to go back to Dec 2009 when 3.16p resistance finally became support.

screencast.com/t/e5kp2tk7

daily chart, I'm a bit lost to be honest and looking for charts and TA from others, just cannot 'see' anything on the chart and it just keeps dropping.

Support at 2.9 but anybody got any ideas?