RHM 0.00% 30.5¢ richmond mining limited

chart, page-2

  1. 12,407 Posts.
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    while i am no charting guru, i am thinking lately that the concept of repeating ranges does not apply so well for stocks that are still in their infancy. some of the issues are that small dilutions can result in dramatic percentile changes in mc, and unless you use logarithmic scales you end up with very small gains at the business end of the chart, which reflects poorly on the whole evolution of the company.

    as an alternative, here's a chart showing speed angles (or parallels) with undefined target ranges.

    with this in mind, i'd like to offer this interpretation.

    as posted on another thread, indications are that the 3rd leg of the elliot wave on the weekly may have begun.

    meanwhile, the arrows on the MACD show another apparent cycle beginning.

    combining all three principles, 90c in april seems a fair "default" target to me. a big christmas (60c+) now seems out of the question, but there is no doubt in my mind that once the oppies have expired, a big game of catch up will begin in valuing the company

 
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