Royal Spring Water (fka RSPG)

[teraflop]

Triangle in progress?

If our volume trickles down today and we stay within a range of 2.25-2.52 then we're forming a triangle that converges in 2-3 days (4-5 days if I use bottom channel line parallel to existing trend lines). I consider this a positive sign, notwithstanding triangles' generally lower percentage (50%) of defining direction but we're in a bullish trend with a company that is meeting expectations.

So if I was a buyer, I'd be scooping along the bottom of the channel. I've bought enough else I'd be right there with you. You've got several days to scoop so set your limits and go watch some World Cup.

As for fundamentals, I have hundreds of questions on the firm but would rather let them bottle water & generate sales than distract them. One number I am interested in is percentage of existing bottling capacity per contract (Togo = ?%, Clark = ?%) because it shapes growth and anticipated CAPEX. But I can live without these numbers and just focus on the T/A as well. :)

Long & strong.