RRS 0.00% 0.1¢ range resources limited

drop below 40 cents shortly

  1. 477 Posts.
    As I mentioned a week or so ago, I can see Range dropping below 40 cents. This should be good news for the faithful as they will be able to load up once again as they have been supposedly doing since it was $1.00.

    The chart looks to be in a medium / long term donwtrend, even though there has been a raft of good news during this downtrend. The blips upwards on the chart represent the immediate reaction to the good news (uneducated newbies buying) but unfortunately for the faithful Range has been unable to hold these immediate gains ...... it has continued its spiral downwards.

    I suppose if the faithful do buy into this once in a lifetime stock (not my words) then the price wont drop.

    But it has been dropping? ...... and for a loooong time too.
 
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