RRS Daily.

uk.advfn.com/p.php?pid=chartscreenshotsh...B2eS9i+v7+3P8dSx3GM=

just one to keep and eye for, almost identical to gold this.

Short at the 50 day ema line(if one's brave!!)

Mid to longer term a move down to the main trend line around 5200p (rising daily) looks possible.

wdik, dyor,
trendfriend

Just a quick update in RRS. if anyonbe took this on.
The place to go long was 4720p area.
The initial target was the top of the channel. above 5000p. Now we are getting close to the channel the actual target is 5160p (rising daily). it closed today @ 5045p
However in view of the RSI being in the overbought area. It may be a good idea to close at least half around here, or maybe even all??

Regards,
Trendfriend.

Nice spot. Quite liking the look if gold and silver atm.

This looks good for longs if it can break resistance 4720p.
See a possible inverted H&S.
Target top of bullish channel... above 5000p

Regards,
Trendfriend.

Stops would have to be below 3710, This did bounce off strong support area so that does back up the potential 123 low breakout.Only thing with rrs is that it has had a few 123 low failures .


dl.dropboxusercontent.com/u/4899609/rrs25thsept2015.png

Randgold chart

Randgold looks like its breaking out of 123 low.

Not sure if i have the bottle to take it. Everything is getting smashed.

Gold is up.
Fresnillo is also up, but not breaking out, looking rather flat actually.

The tail needs to be 2x the length of the real body to be a hammer TF

This looks to me like its closed with a nice hammer today.
uk.advfn.com/p.php?pid=chartscreenshotsh...P0%3D&symbol=L%5ERRS

it has to move back down for a 123 low to form..
This hit gap resistance earlier which stopped the move higher after a hammer buy signal..

What a diffrence a day makes!
This is not quite out of the woods yet, i was long on this and gold, and glad i was now, but i must admit some brown stuff nearly came out yesterday. lol

Look out for a 1,2,3 low @ 4366
uk.advfn.com/p.php?pid=chartscreenshotsh...r/i8=&symbol=L%5ERRS

Regards,
Trendfriend.

personally - id be very careful going long, trade is short into strength here.





dl.dropboxusercontent.com/u/40497882/Ran...0Ltd%20%28DFB%29.png

all imho

WS

Yep F4T, could well happen. I will add more if it goes to those levels.
Fill your boots time if it hits 3885p, imho.

Regards,
Trendfriend.

This is not looking good. Gapped down today and RSI backtested support (now resistance).

First support is at 4035, then stronger support at 3885.

uk.advfn.com/p.php?pid=chartscreenshotsh...y0%3D&symbol=A%5EAPT

GL
F4T

uk.advfn.com/p.php?pid=chartscreenshotsh...HnzQ=&symbol=L%5ERRS

Long @ 4300p.
The RSI is badly oversold, i think support at 4300p to hold.

Regards,
trendfriend.

uk.advfn.com/p.php?pid=chartscreenshotsh...qA%3D&symbol=L%5ERRS

Anyone else see this as below??

Retrace to 4300p,
Bounce @ 4300p to 4750p (ish) to complete a Head & Shoulder pattern.
Before falling again to around 3500p lows.

Just thinking ATM, worth a long @ 4300p??

Regards,
trendfriend

This is below its 200 ma so not bullish. This is still in its down trend and the only time that can change is if this can breakout of the down trend line thats currently at around 4678. The rsi is also bearish and does not indicate any strength.
There is no buy signals on this share and if any thing id say it could possibly head towards the recent low at 3600.
So for change of view this has to finish above the 200 ma first, then has to breakout above the down trend line.
Hope this helps


This is a close up view



dl.dropboxusercontent.com/u/4899609/rrscloseup29thmay2014.png


Zommed out view


dl.dropboxusercontent.com/u/4899609/29thmayfarviewrrs.png
waser wrote:

i've held some RRS for a while in the hope that it would be a "steady safe bet" to have alongside some of my more riskier shares.
i'm thinking of bailing on it and switching to something else that will do a bit better but not sure if it's a good time to get out ?
i've used my limited charting skills but wondered if anyone could help with any advice be it fundametalist or charting ?

thanks in advance

Waser (not sure if i'm a charting fundamentalist or a fundamentalist chartist)