Revolution Resources represents an interesting development in the gold micro-cap sector.
As gold juniors have been struggling lately, we come across this stock and notice certain patterns developing.
Firstly, the dragonfly doji candlestick on Friday could signal the end of a downtrend for this stock.
Secondly, look at the monster volume compared to average. Volume on Friday was at least 4 times greater than a typical trading day.
Thirdly, notice the KST attempting to cross from deeply negative readings.
Fourthly, check out the money flow as CMF has now moved to positive territory.
Fifthly, note the RSI 14 has reached oversold readings.
So my overall assessment of this particular security is it seems due for a bounce, perhaps a significant one.
Disclaimer: I am the happy owner of a number of shares of this particular gold stock. So if this thing tanks, my analysis must be primarily based on wishful thinking. :)
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