Rock Ridge Resources, Inc. (RRRI)

[dragon52]

I would not compare the two although both show bullish patterns. I have seen some show bull and the next day sold off due to bad news...

However will say this about this chart...

The small white candle on Friday usually would mean indecision on the part of bulls because it is smaller in size and strength of the previous day.

However, if one takes a real good look at the smaller candle, they will see that it opened a tad higher than the previous day, but sellers tried to take it down and did for the most part almost wiping out the entire gain the previous day. But we all know that the MM's were walking it down and trying to entice sellers to let go their shares. Which some did.

This sell off and then reversal created a Dragonfly Doji or Hammer Formation.

http://www.litwick.com/indicators/1154.html

Which usually means that sellers were weak and could not continue the trend, buyers came back in and closed it above the opening point.

http://stockcharts.com/def/servlet/SC.web?c=TNOG,uu[l,a]daclyyay[da][pb50!b200][vc60][iUb14!La12,26,....

Now, what can we expect? Frankly anythng. Good and Bad.

What am I expecting? A move positive this week and more accumulation. I really hope that with the tanks on site and set up, the workover rig is sent to Kosciusko #1 Well first before Stanley 1B... That way they can start the flow testing immediately and then take the workover rig to flow Stanley while Kosciusko #1 Well is testing... sort of making shorter work out of the whole thing and getting money flowing immediate. They could set up both wells in one day.

But right now, I would not be trying to flip this unless the MM's are playing games, then go with the flow. Just remember that news comes out around 10:30 est and that MM's have a knack of turning it around on a dime whenever they feel like and you may lose your position as some that sold out too early found out.

If you are not a day trader and or have a margin account.... you might not be able to get back in immediately after selling if it turns back around and have to wait a day for the transaction to be logged before making another trade. If you flip too much, your broker might put you on a 90 day cash account... it happens and you all know what i am talking about.

Wish everyone the best and lets all work together to make some money.... after all... that is what its all about.