Grandmaster76

RECAF - Bottomed at $4.20, then raced back up to $6.30

OTC:RECAF   Reconnaissance Energy Africa Ltd
Today, RECAF bubbled up by 25%.

An extremely unusual day, a loco Loki of a day. Crude Oil rallied as well, moving back up to normal ranges at $66-67.

Two options for RECAF from here:

1. We see a correction from this little big bull

2. RECAF continues its rise up to previous levels of resistance

Below are listed levels:

14 Day RSI at 80% 15.3385
13-Week High 11.2300
52-Week High 11.2300
14 Day RSI at 70% 10.4996
1-Month High 9.3500

9.2485 Price Crosses 40 Day Moving Average Stalls
8.8900 Price Crosses 9 Day Moving Average Stalls
8.5403 38.2% Retracement From 13 Week High
8.0378 14-3 Day Raw Stochastic at 80%
7.7228 Price Crosses 40 Day Moving Average
7.7094 50% Retracement From 13 Week High/Low
7.5567 14-3 Day Raw Stochastic at 70%
7.3785 38.2% Retracement From 4 Week High
7.1216 38.2% Retracement From 52 Week High
6.8786 38.2% Retracement From 13 Week Low
6.7695 50% Retracement From 4 Week High/Low
6.6284 14 Day RSI at 50%
6.5944 14-3 Day Raw Stochastic at 50%

High 6.3500 High
Last 6.3000 Last

6.2740 Price Crosses 18 Day Moving Average
6.2555 Price Crosses 18 Day Moving Average Stalls
6.1604 38.2% Retracement From 4 Week Low
5.8525 50% Retracement From 52 Week High/Low
5.6322 14-3 Day Raw Stochastic at 30%
Pivot Point 3rd Level Resistance 5.4967
Pivot Point 2nd Level Resistance 5.3033
Pivot Point 1st Resistance Point 5.1867
5.1511 14-3 Day Raw Stochastic at 20%
Previous Close 5.0700 Previous Close
5.0010 Price Crosses 9 Day Moving Average
4.9933 Pivot Point
Low 4.8800 Low


Pivot Point 1st Support Point 4.8767
14 Day RSI at 30% 4.8351
4.7271 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Support Point 4.6833
4.6801 14 Day %k Stochastic Stalls
4.5834 38.2% Retracement From 52 Week Low
Pivot Point 3rd Support Point 4.5667
4.4905 3-10-16 Day MACD Moving Average Stalls
1-Month Low 4.1889