RXL 3.23% 15.0¢ rox resources limited

Ann: $10M Gold Joint Venture,DRM-RXL.AX, page-32

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  1. 14,254 Posts.
    lightbulb Created with Sketch. 323
    heres updated chart

    have gone for weekly as makes a better read

    have put in fib targets - I prefer the gap target at 2.1 though as forst target (even over 1.5 resistance due to the market cap reflection as I think the cap is too low at 1.5)

    pizza is correct in .5 being first resistance - its also the 200 day moving average on the weekly so a cross of this is a pretty big deal on the weekly chart as it hasnt done it in a year

    as you can see its in accumulation mode from below indicator as of Friday

    I took out the break out of the descending wedge to draw the fibs

    rxl.png

    cheers (timed same as above sorry just saw it after i posted)
    Last edited by kates9999: 23/05/16
 
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