" RANGE RESOURCES PROPOSES TO UNDERTAKE STRATEGIC MERGER WITH INTERNATIONAL PETROLEUM" 24/4/13.( the day I should of sold ) A mere I year, 2months ,14 days, 5 hours and a lot of averaging down. I am back in the Blue zone. But hey! Who’s counting ? :-)
What I am most impressed by is that there is in fact no spike at the moment, just steady growth. Check out the RSI index for May when we had our last decent rise, a huge spike based on rumour and little else. The RSI hit the high 80s which resulted in huge overbuying signal and the subsequent retrace to the 60% FIB. This time the RSI is bumping along the 70s nicely giving us steady growth instead of the pump and dump that is so often the case on AIM.
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