Rockfire Resources 2/12/2019

#Brent #Dax As it’s December and sometimes, share prices can do silly things, we’re choosing a different oddball every day to hopefully illustrate a near term trade possibility. When we open the Advent Calendar, Rockfire Res. are behind the 2nd door and thankfully, it indeed has some potentials showing.

Rockfire closed last week at 1.35 and visually, now needs above just 1.6p to make further growth likely. Such a scenario calculates with an initial target at 2.12p, an ambition which makes sense from a charty perspective. As can be seen quite clearly, the share has experienced a Glass Ceiling just above the 2p level since August 2016.

This time, if the usual nonsense of “the 3rd break is the keeper” proves correct, above 2.12p computes with 2.9p but to be honest, if positive news is involved (or indeed positive sentiment in internet chatrooms) the share price could easily accelerate to a silly sounding 3.88p, several magnitudes above the current share price. Unfortunately, there is plenty of room for the market to play games, thanks to the price requiring drill below 0.5p to utterly stuff the growth potentials.

If we were to identify a price level which should give early warning of looming trouble, it appears below 0.89 should justify some real concerns.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:32:53PM	BRENT	60.77	60.33	60.015	58.81	61.67	62.28	62.73	63.61	60.98	Success
11:34:49PM	GOLD	1464.3									Success
6:45:50PM	FTSE	7342									Success
6:48:13PM	FRANCE	5897									Shambles
6:49:57PM	GERMANY	13232	13163	13130	13068	13250	13294	13323.5	13377	13214	Success
6:52:29PM	NASDAQ	8419.12
6:55:15PM	US500	3144.52
6:58:41PM	DOW	28074.5
7:09:12PM	JAPAN	23320									‘cess

29/11/2019 FTSE Closed at 7346 points. Change of -0.94%. Total value traded through LSE was: £ 4,628,092,745 a change of 28.25%

28/11/2019 FTSE Closed at 7416 points. Change of -0.17%. Total value traded through LSE was: £ 3,608,679,537 a change of -31.8%

27/11/2019 FTSE Closed at 7429 points. Change of 0.35%. Total value traded through LSE was: £ 5,291,535,835 a change of -43.03%

26/11/2019 FTSE Closed at 7403 points. Change of 0.09%. Total value traded through LSE was: £ 9,287,781,943 a change of 67.52%

25/11/2019 FTSE Closed at 7396 points. Change of 0.96%. Total value traded through LSE was: £ 5,544,320,565 a change of 6.78%

22/11/2019 FTSE Closed at 7326 points. Change of 1.22%. Total value traded through LSE was: £ 5,192,412,665 a change of -5.45%

21/11/2019 FTSE Closed at 7238 points. Change of -0.33%. Total value traded through LSE was: £ 5,491,994,018 a change of -12.81%