RIV 0.00% $16.20 riversdale mining limited

chart

  1. 795 Posts.
    I posted my theory in dec 09 (Post #: 4845374) which started a thread 'Trend is you friend'. You will need to adjust your search to include this period to locate it

    This is an update, as if anyone is following but hey :)

    Basically my rant revolved around the fact that a stock once entering a symmetrical triangle will, if it breaks that formation, continue the same trend and often repeat the same Time and Price move post break.
    I have posted the current RIV chart and an example of this occurring in another stock IOH.

    Current RIV chart

    RIC 3 Trend Friend April June target


    Compare with IOH which did exactly that and some, now sitting at 2.54. Wont it be nice to see RIV blow it away by this much too....

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