calling all chartists, page-3

Hi Mitis, sorry about the delay in posting this as per your request.

Atm RIV is sitting just under the long term ascending trend line stemming back from April 2007. Imo the market in general will most likely head north from here (st anyway) with a target between 10400 - 10500 on the DOW. Lots of reasons but mainly technical imo. See my post on the LNG thread which shows a monthly DOW chart and the st target. ALL IMO

The slow stochastic is looking juicy for RIV imo and it's a strong buy right now.. again imo. I am not a big coal stock fan but I have held RIV before and it's a solid coy imo. As far as buying more goes, I'm not sure of your av price but maybe just wait until it hops over the current trend line it is sitting under and then buy? If it were me I would take the punt now as previously mentioned it looks like a buy right now to me.

It's still in an uptrend on the weekly chart from it's Nov lows with solid support at around $5. I think the stock will see a high of $6.84 before the year is out.

3 year DAILY chart with slow stochastic



12 month DAILY chart with slow stochastic



3 month DAILY chart with slow stochastic
(shows the trend line coming through)