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The shares are really taking off. They are up 5.36p, up 6.03% in heavy early trading!

Zak Mir is suggesting buying Range Resources with a targets of 8p

In an article on ADVFN he points out

"...there was the hint from the autumn that the converging trendlines from August we mapping out a so called bullish falling wedge formation. This was valid as a buy signal while there was no end of day close back below the lower support line at 3p – and I highlighted this before Christmas. There was then another upside suggesting that a break of the formation to turn the stock into a recovery situation was on its way on a clearance of the 2012 resistance line at 4p. Unbelievably, if you go by the fundamental argument, Range Resources has not only broken back above 4p but managed to hit and break through the 200 day moving average as well."

Tom Winnifrith maintains still that RRL is one of the top ten fundamental sells in the UK in an ebook published recently.

Mir says:-
From a TA perspective, is that while there is no sustained price action back below the initial March floor at 4.5p the upside here could be towards June’s 8p plus resistance, even if that marks the end of this Lazarus like recovery.
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