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.

Hey, chart goes here

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.

Hey, chart goes here

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%

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