While RTR rocketed up 28% last week - a not of caution. What I previously saw as a rectangle pattern now looks more like a falling flag. There remains good potential for material price gains but it also needs to be considered that price is in a downtrend and recently made a lower low. If I was holding I'd be tempted to pull the pin near $0.50.

RTR 20May22

8 April 2022

RTR has been trading in a sideways flag pattern for nearly 12 months. At the lower boundary of that flag pattern, if price moves up it could repeat history and head back to th upper boundary for a rise of 40%. Whether it turns at the upper boundary (again) or breaks higher is something only time will tell.

RTR 8Apr2022

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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