RCE is a share I haven't traded before. It has been slowly tracking sideways and down for a couple of years. They say not to buy shares in a downtrend - and with good reason. However, RCE caught my eye as it has had 2 weeks of solid rises - admittedly this week has only picked up from last weeks close which was well off its highs for that week. $0.90 seems to be strong resistance and a break and close above that price is required to be confident of further rises to around $1.15 (or possibly even $1.40). While I don't pay much heed to fundamental data and I've never had much luck with pharmaceutical companies, RCE has an interesting product and is supposedly developing the only product of its kind in the world (something that is both a positive and a negative).

RCE 30Jun22


Robert Norman

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

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