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Gold/Mining/Energy : Red Sea Oil Corporation (RSO)
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To: Donald Lickman who wrote (81)1/20/1998 12:18:00 AM
From: Roberth  Read Replies (1) of 332
 
Sounds like a good run in progress. I have been monitoring this stock since December only but think you are right that further action is likely. The price pattern looks something like this... maximum it should reach before falling back would be 4.00 approx. Expect to see it dip back to about 3.35 range then recover to at least hold the 3.65 resistance plateau. Ultimately, with the positive news of late it could then steam ahead to next resistance at 5.00 level. Lets see how close this forecast comes.
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