someone believes news is very imminent, hence these repeated sweepings-up of shares towards the close. Whether 'they' know any more than anyone else about the sale of assets and their timetable is moot however....still, a nice strong finish for a Friday.
So Celtic what you are saying is that despite the Golden Cross being the optimum sign for traders it has had no effect whatsoever on RRL trading which is down today even as the Golden Cross is being made.
Isn't this proof positive that RTN has been right all along when he says these tech traders are talking rubbish. If they were right this share would be sky rocketing.
I wouldn't call today a flop, it was never going to rocket on the back of the AGM Yes vote as this was already factored in but had the no voters succeeded then we would have dropped very quickly IMHO. Why anyone would vote no to these resolutions though is beyond me.
Looking at the chart, our support @ 2.15 looks strong, not even being tested at the moment, Paraboloic SAR still very bullish and that Golden Cross is fractions away (if like me you are looking for the EMA GC). We are now well set up for news to come, next week could well be a the start of it. As was mentioned earlier, releasing any news today would look contrived and too stage managed.
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