Precious Metals Summary - London AM Fixings

JRVS 39.50 - 40p +5p
doing well and closing the large GAP to 78p as is on a BREAKOUT

RNVO 32.50 - 33p +3.75p
bouncing from lows after last week 8 directors bought 572K at 27p and has cash worth 49p

Chart for RNVO - Double Bottom

Were both selected yesterday on the "UPS" for the week .........

Sunday 2th 08
"UPS" - Master RSI
RNVO 29.75
Reason - Last week losses were smaler than last year and 8 directors where heavy buyers 552 thousand at 27p a, cash in the bank of 90M representing 49p, almos twice the share price at the moment. Progress in the development of its scar treatment drug Juvista. Double bottom on the Chart.

Sunday 2th 08
"UPS" - Master RSI
JRVS 34.75
Reason - Results last Wednesday were a turnarond from losses to profits (much higher than expected), reduced overheads and sell of loss/making parts were the reason. Rail freight is were the profits will come in the future. Into BREAKOUT there is GAP to fill to 78p

Master RSI

Cheers.

Master RSI,
What does the chart say about MMS. they rose a lot last week and trying to decide what the chart thinks. tried to buy at 5.75 and failed and would like to know if the chart suggests it may revisit that terrority.[i appreciate this may be a crystal ball type question, will keep DMOR etc]
Any good books on reading charts.
Alex

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robertalexander

re - MMS

the large rise last week has put the shares into an overbought position on the Indicators, no wonder some punters have taking profits

Is in a BREAKOUT after moving over 4,375p and then 6p intraday so interesting