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Range Resources Ltd Share Chat (RRL)



Share Price: 2.00Bid: 1.90Ask: 2.20Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.30Spread as %: 15.79%Open: 0.00High: 0.00Low: 0.00Yesterday’s Close: 2.00



Share Discussion for Range Res. (RRL)


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Celticheart
Posts: 5,151
Observation
Opinion:Strong Buy
Price:2.13
View Thread (2)
JohnHenry
Thu 08:09
Actually if anything, the previous day's "Spinning top" was the reversal signal, the hammer was just confirmation :)
 
wrightey
Posts: 75
Off Topic
Opinion:No Opinion
Price:2.13
Auction?
Thu 08:08
2.17/2.13
JohnHenry
Posts: 590
Premium Chat Member
Observation
Opinion:No Opinion
Price:2.10
View Thread (2)
RE: Sonia
Thu 08:03
Young buck read my post Tuesday was a hammer caddle close , yesterday was a blue inside caddle to the Mother candle ( hammer)
Youngbuck87
Posts: 621
Off Topic
Opinion:No Opinion
Price:2.10
Celtic
Thu 08:03
Haha yeh I see he is not your no1 fan either. These people humour me though, I just take it as it comes and at the end of the day reflect and just have a laugh about it all as I'm sure Sonia does. Life's too short for such pettiness. GL All.
Celticheart
Posts: 5,151
Observation
Opinion:Strong Buy
Price:2.10
Youngbuck87
Thu 08:02
I thought it worth clarifying that, as I am sure you know, a "Hammer" forms when the shareprice drops significantly below the opening price, but recovers later on in the day to close either above or close to the opening price. Contrary to our friend's view, the hammer is an indication that the bulls are strengthening because it only occurs after a period of decline. For it to be a reversal signal in the other direction i.e that the bears were taking control, it would have to be an inverted hammer. So the position of the hammer is not the determining factor but the nature of the hammer itself. Have a good day :)
Youngbuck87
Posts: 621
Off Topic
Opinion:No Opinion
Price:2.10
Wrighty
Thu 08:00
Thanks for your message. Yes your point is valid, and I know lots of people here haven't had the opportunity to average down and are still sitting with high averages, which I hope they will soon see. I only invest money which I can afford to lose, and in this instance by averaging down along the way I've managed to turn the corner and have set targets both if the SP goes south or North.
Celticheart
Posts: 5,151
Off Topic
Opinion:No Opinion
Price:2.10
Youngbuck87
Thu 07:38
So now you see the unpleasant character that I have had to suffer in his various guises, just filter him.
wrightey
Posts: 75
Off Topic
Opinion:No Opinion
Price:2.10
View Thread (2)
RE: Sonia
Thu 07:14
YB87,
averaging down only does you good if you take profit and bank it, else you have only just got in deeper and have increased your possible losses. Still being such a knowedgeable investor you know this.
Youngbuck87
Posts: 621
Off Topic
Opinion:No Opinion
Price:2.10
View Thread (2)
Sonia
Wed 21:44
Averaging down, heard of this concept? "Buy when others are fearful" done me very well.

http://s1382.photobucket.com/user/Youngbuck877/media/Mobile%20Uploads/image_zps405c3cd5.jpg.html

Who's laughing now. Ta ta loser.
Sonmi-451
Posts: 103
Off Topic
Opinion:No Opinion
Price:2.10
buckaroooooo
Wed 21:11
You are not. You are proving it to everyone on here, not just me.

Think of all the time you would save by just posting the link to the picture of the contract note, and not have to type out your holdings when you post on here telling people what your average is.

If thats how you feel, why have you "wasted" so much of your time posting to a "nobody" and why are you curious to know what a "nobody" has as an average.

Better stick to conversing with celtic. He is more on your level.

I'm sure he too thinks that "a hammer is more of a bullish sign" without knowing where in a sequence of candlesticks it sits.



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