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Range Resources Ltd Share Chat (RRL)

Share Price: 0.335Bid: 0.30Ask: 0.37Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.07Spread as %: 23.33%Open: 0.335High: 0.335Low: 0.335Yesterday’s Close: 0.335

Share Discussion for Range Resources Ltd

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Posts: 1,772
Off Topic
Opinion:No Opinion
RE: Bearish ...
Today 00:38
Oilspill, as ever we need YOUR chart with YOUR interpretation please, not something that suits your agenda.
For what it's worth, I think Range is still holding the broad rising support line from Feb/Mar, so Recognia's claim of a downside breakout is a little premature..
Also, for what it's worth, having not heard of Recognia, my first websearch for it yielded this review on investimonials:
"Ok but not reliable
I have used recognia,its a free program offered by TRADEKING, its a stock screener that recognizes chart patterns etc etc and recommends entry and exit points.They have automatic email recommendations every end of trading day and the delivery is very timely. They have bullish and bearish recommendation. I have followed and traded the stocks as the program recommends and its not reliable. It recognize the stock patterns most of the time, but the entry and exit points most of the time are way off.
I got lucky few times just trading the software's recommendation alone and got good gains but most of the recommendations fail to perform what was recommended by the program.
I think the program is very good, but as far as using it on my trading decision ALONE is not smart thing to do.
I like the fact that the program is FREE, can be useful and can be a good tool if you add your own analysis to it."
...which seems fair enough.
Posts: 1,982
Off Topic
Opinion:No Opinion
RE: 5 p target
Sat 16:40
I'm expecting delays through to completion of Waterflood, but hopefully around the turn of the year we'll see output seriously ramp up. We've tested rising towards 0.5p so I'd expect 1p to go fast on good news. Then I can't see why 2p+ isn't going to come on strong flows, but I think 5p is probably too big an ask. I'd certainly be pleased to see those levels though.
Posts: 278
Off Topic
Opinion:No Opinion
Ment to say?
Sat 11:30
Will be a totally different!! Range
Posts: 278
Off Topic
Opinion:No Opinion
Best part of a year's isa !
Sat 11:28
Allowance in this share and I still believe now Chinese on board, especially waterflood ! And new blocks, getting a good supply of water I believe that range will be a company maybe mid teens and I would say late 2018 will not be a totally different range resources and I intend to see that particular range resources in 2018
Posts: 470
Off Topic
Opinion:No Opinion
Bearish ...
Sat 11:28
"Symmetrical Continuation Triangle"

a "Symmetrical Continuation Triangle (Bearish)" chart pattern formed on Range Resources Ltd (RRL:LSE). This bearish signal indicates that the stock price may fall from the close of 0.34 to the range of 0.01 - 0.07. The pattern formed over 83 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price has broken downward out of a consolidation period, suggesting a continuation of the prior downtrend. A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks down below the lower trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior downtrend.

This bearish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

Target range of 0.01 - 0.07....

good luck....!
Posts: 7
Opinion:No Opinion
5 p target
Sat 00:40
Guys do you think can we achieve this target 5p

as my average is 2p and I am stressed , I have �2k invested here , whats your average ? gla
Posts: 119
Off Topic
Opinion:No Opinion
RE: Spare a thought
Fri 18:24
Spare another thought for OmaLosses, FRR now 0.09 to sell.

Maybe he's told the Missus and that is why he doesn't post anymore.
Posts: 9,690
Opinion:No Opinion
View Thread (2)
RE: very quiet here
Fri 07:59
That could not be further fro the truth, we are making good solid progress but waterflood takes time to build up pressure and we are drilling multiple wells from the same platform which can't be fully tested until completion but very positive indications so far. Give this a few more months and you will see the progress we are making.
Posts: 185
Off Topic
very quiet here
Thu 16:45
all is quiet. I haven't looked here for a while but I see it is going nowhere but then what news has there been to move it. I'm hoping that it will turn around one day and as I have always said I will wait patiently until that day. I can't see much movement in 16 but maybe 17 was the year, I'm sure i said that in 15 or maybe it was 14!
Posts: 1,258
Off Topic
Opinion:Strong Buy
Malcy yesterday
Tue 09:30
Not sure if already posted but see below: Range Resources
More good news from Range this morning as they announce that MD 251 (Was MD 51-2) spudded on Friday. The well is a ‘development well’ for the MD 250 as it is also a directional well to test the middle and upper Cruse sands encountered in the 250 well. Initial logs there identified ‘multiple hydrocarbon bearing zones in the 140+ feet of pay. This is the second in a six well programme designed to increase the company’s reserve base, expect two more Morne Diablo wells, one at Beach Marcelle and an exploration well in the Guayaguayare block.

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