A real good price move!

Real Good Food Group closed at 37.5p today (up 8.3%), breaking through the overhead resistance (see chart below).

The preliminary results are due on 29th March and based on the last RNS, we can expect a pleasant surprise. If the forecast turnover of £220m is met and given todays MCAP of £24.4m, RGD is still on a paltry PSR of 0.11. Expect a re-rating if the results are good.

Looking at the longer term chart, the next serious price resistance is expected at the 80 to 81p price level.

Will this one double again in the next year? What do you think?

You may also have noticed that RGD is available as a free case study HERE.

As ever, do the DIY-Investors thing and "make up your own mind!"