RIV
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0.00% $16.20 riversdale mining limited

I have been a long term fan of RIV easy to fall in love with the...

  1. falling knife
    795 Posts.
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    28/09/09
    13:05
    Post #: 5702578
    I have been a long term fan of RIV easy to fall in love with the unfolding story.
    I am caught between 2 minds seeing the chart.

    Up trend broken and has the downtrend has been tested a few times.

    FIB retracement level of 38.2% broken last week the only support left is the 200 MA before next Fib of 23.6%.
    Are we going there again?

    RIV Fib support


    Moving averages also turning....

    RIV MA sept -09
    RIV Price at posting: $5.38 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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