The Bulls overshadow the Bears at the moment I think in my opinion...
1/ The price soared 35.7% in the last month. An important sign IMO!
2/ High volume of 3.7 times the monthly average! Volume is our friend!
3/ ROB has a 6-month relative strength of 99/ Above 99% of the market.
4/ The price to 50-day EMAP ratio is 1.1, a bullish indicator. The 50-day EMAP went up to 1.68c. An Increase is another bullish signal.
5/ MACD - 12-day Exponential Moving Average (EMA) minus the 26-day EMA is positive. This is a definite bullish smoke-signal.
6/ Last 3 Months = New 52-Week High, indicating new potential growth.
7/ Price to 200-day MAP ratio is 1.59, a clear bullish indicator. ROB is trading above both its MAPs and the 50-day MAP of 1.70c is higher than the 200-day MAP of 1.19c, another bullish indicator and very meaningful I think.
8/ ROB tracks as oversold according to the Williams % R indicator of -88.2. Indicating real potential in my opinion.
Very promising potential is manifesting for ROB and the market is hitting the Christmas Wall and is struggling itself. At the end of the day this geology potentially gives ROB a whole new lease on life after selling its previous assets...
If the geology and the Kingmakers are anything to go by I think the market may realize it is undervalued and might jump for a good Christmas deal. Who knows! The market should certainly assume that the board is going to sign off on this the geology has enormous potential, look at ROB's neighbors in the Region!
What are your predictions for ROB next week?
Merry XMAS Everyone!
PS - This research could all be wrong do your own research! I hope this is good food for thought!
Kind Regards
ROB Price at posting:
1.9¢ Sentiment: LT Buy Disclosure: Held
