maybe retrace soon, page-15

Hi All,

I totally agree with Billy on that 'RIV is a great trading stock', personally and from a simple and straight forward technical analysis perspective heres why:

- trending in upwards direction since 08 and comfortably breaking through resistance points.
- the trading cycles are repetitive and it provides high confidence and probability that once the confirmation of a reversal occurs its trending in that direction.
- It doesn't require alot of support and volumes yet the intraday price gains can be significant.
- It is the type of stock where you originally trade short term and quickly realise that you are averaging up
- Trailing stop losses doesn't hit, so from a short/mid term trading stock it becomes a long term hold.

I've been following it closely since 08 and the rally may be due to the market recovery, but now watching it closely to see how she performs in current and other market conditions.

I rarely see alot of fuss or talk amongst the swing/day traders on RIV which I think they may have overlooked or secretly trading the stock :) OR that there are some other reasons i'm not aware of..

Cheers
GC