RXL 3.33% 15.5¢ rox resources limited

Curve shape, page-2

  1. 3,400 Posts.
    Looks to me like a bouble bottom on the charts - considering this then the double bottom will have a new projected price taget.

    double bottoms occur at the conclusion of a downtrend
    Price action initially retraces from recent low point but then returns to re-test the previous low value. the market does not support the ongoing decline in price action. The sellers have largely disappeared and the next stage is a rise in price - therefore i GIVE THE NEXT PRICE TARGET is 3.5c

    cheers and good luck - my recommendation is buy under 3c-once the volume picks up this could turn over 20 million easily - lots happening at the moment and as the MD said there will be a flurry of announcements coming so now is a safe time to buy IMO

    disclaimer: this is not meant to be financial advise and merely to demonstrate my interpretation of charting and my own technical analysis
    Last edited by Schumacher: 23/01/15
 
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Last
15.5¢
Change
0.005(3.33%)
Mkt cap ! $57.48M
Open High Low Value Volume
15.0¢ 15.5¢ 15.0¢ $50.32K 328.7K

Buyers (Bids)

No. Vol. Price($)
7 476755 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 130418 3
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
RXL (ASX) Chart
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