Sorry bobo but others get the point I was making, maybe you should just wait a while and see what happens once trading starts. I believe that someone is trying to create a false picture of the sp while volume is low, often using DMA trades to do so. It is an opinion and one I am entitled to express. Feel free to ignore it as I do yours but do not get personal or insulting there's a good lad.
RANGE RESOURCES Last Signal:STAY LONG Last Pattern:BEARISH HARAMI* Last Close:0.4450 Change:-0.0295 Percent change-6.22% Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 05/08/2016, 3 days ago, when the stock price was 0.4506. Since then RRL.L has fallen by -1.24%.Market Outlook The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.
Range Resources Range has announced that the LD-1 development well has spudded in Trinidad on the Morne Diablo field and with a TD of around 2,500′ should only take a couple of weeks. It is encouraging to see the well programme going ahead as per the company’s plan and with new rigs being approved all the time the outlook is bright. Indeed the two wells 250 and 251 are hoped to be brought onto production in Q3 of this year after current production testing. The company still has plans for three more wells this year, one at Morne Diablo, one at Beach Marcelle and an exploration well on the Guayaguayare block.
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