RXL 0.00% 15.5¢ rox resources limited

Oh hi dave @ssailor you silly bugger....yes mate a great time to...

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  1. 25,374 Posts.
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    Oh hi dave @ssailor you silly bugger....yes mate a great time to ask...This stock has a history of breakouts on positive geological discoveries and confirmation assays...A bit beyond me to compare....this one is a 30% interest in yet another whopper....forgive my ignorance of the FA but It caused a massive exuberant gap up on the chart and now appears to be retracing to more rational levels....So the question is how far will it retrace and can the slowing momentum be indicating its reached a limit to enter safely...I will need to take a closer look at a better time for you but here is the weekly chart for the past 4 yrs or so showing the previous outbreaks and major support resistance levels....will do a finer tuning later
    cheers bud...This latest gap isnt an easy one to help you with ,with much confidence Im afraid...so I trust you have plenty of confidence in the fundamentals that enticed your entry....
    rxl17062016a.png

    here is the daily with the gap
    rxl17062016b.png

    and the intraday softlanding retrace......
 
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Last
15.5¢
Change
0.000(0.00%)
Mkt cap ! $57.48M
Open High Low Value Volume
15.0¢ 16.0¢ 15.0¢ $571.7K 3.735M

Buyers (Bids)

No. Vol. Price($)
15 826458 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 366368 6
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Last trade - 16.10pm 25/11/2024 (20 minute delay) ?
RXL (ASX) Chart
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