Great to see RGI continue with the positive momentum. Currently firmly up against the 200 day MA at $0.415 with the MACD still trending positively above the 0 control line and RSI not entering 'over bought' levels. Would love to see it push through the 200 day in the coming day or so and test the $0.45 resistance level.
The weekly setup has also continued to push forward with the MACD crossing over to turn positive. The first time since the downtrend in Jan / Feb 2018, with the stochatics opening up for a good move to the upside over the medium term. Good to see the price action above critical MA resistance lines and trend higher as well. It will be interesting to see what this recent turn of events in the share price will bring for price action over the next 2-3 mths.
RGI Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held