I was bidding on both, and SVL came down to my bid. I will pick this one up if it comes down to my price. I'm not one to pay to big a premium for a stock <g>. I'm willing to buy RITT around 2.05 based on the chart. Unless some fundamental reason or news comes out, that is what I preceive as a under valued price. This limits the risk for the reward ratio, and provides a better bet <g>.
The 2.05 pps is based on the likelyhood of it testing the 52-week low of $2, or one last shake. I think that after that, we will see a steady rise to 2.25ish area. If they can announce another profitable quarter (the CEO warned that not every quarter will be profitable), then it should break through the resistance and shoot towards $3. I'm not seeing any real buy signals, so not in to big a hurry to jump in yet.
Support/Resistance
5 Day Support $2.05 5 Day Resistance $2.17
15 Day Support $2.03 15 Day Resistance $2.49
80 Day Support $2.03 80 Day Resistance $2.98
WILLIAM VOLUME ACCUMULATION: Bearish
VOLUME PRICE TREND: Bullish
STOCHASTICS: Oversold
RSI: Neutral
MACD: Bearish
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