Categorized | Stock Newsletters
RVBF Poised for Continued Accumulation
Posted on 05 January 2010 by admin
Raven Biofules (OTCPK: RVBF) closed up a healthy 10.09% on Monday.
What's impresses me so much about this healthy uptick is the fact that (1) sellers booked profits (2) share prices still increased (3) the dollar volume was only about $117,377....and that figure could increase.
That being said, if the dollar volume entering the stock continues to increase... then the additional momentum could significantly increase share prices.
Here's something else to think about:
Since the 20-Day Upper Bollie is around $0.15 and the 14-Day RSI is about $0.156, I believe it's possible that RVBF could be undervalued. If so, then upon the event that further accumulation transpires, RVBF could make a healthy move to the upside.
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As RVBF.PK continues to witness accumulation, traders could see a corresponding increase in share prices.
Watch RVBF trade since it is poised to move upwards.
Best Regards,
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