After all of the hoop-la associated with the Annual results (enjoyed the divvie, just quietly), here's a look at the weekly.
We are (just) in blue sky on a closing basis; the only thing above is the inter-week high wicks of October '14.
Coupla comments:-
1) Great result deserves the attention - holders have to be pleased with that, I suppose
2) Looking overbought since 22/7, though (green - bottom pane on the chart). The bounce off .51 has had plenty of impetus, but the rise has been so stratospheric, it looks set for a pullback. A question of when.
3) If it can close above .88 this time next week, then its off to the races. An emphatic close above .88 or higher will give us a continuation signal.
All IMO, only, please DYOR.
Go well all
RXP Price at posting:
85.5¢ Sentiment: Hold Disclosure: Held
