Rum has been held back by its capital raisings but Friday saw some encouraging action. Given the the current offer to shareholders is due to close this coming week, we can, I think, expect more action.
This is a weekly chart whose major feature is a drawn out flat top triangle that has made three attempts so far to break out above 17.5 cents. Should it do so, I think it would be a powerful buy signal for those looking to get in or top up.
RUM Price at posting:
16.5¢ Sentiment: LT Buy Disclosure: Held
