Monday, April 23, 2007

RCE Juggernaut?

Looks like RCE is on a big move today, amassing volume and strength. It went up almost 5 sen but settled down for a 2 1/2 sen gain when trading ends.Do you think these buys are short term investment buys or speculative buy?

If it is short-term investment buys, then the counter may go up steadily. If it is mere speculative buy, then when T+3 arrives, expect 'lorry loads' of delivery and for the price to go down the next few days.

Buying of RCE continues to be strong today (24 April 2007). Let us see when selling pressure will start?

Happy trading on RCE.

No comments: