RHM 0.00% 30.5¢ richmond mining limited

looks good on paper, but not much volume.the backtest of 26c is...

  1. 12,407 Posts.
    lightbulb Created with Sketch. 85
    looks good on paper, but not much volume.

    the backtest of 26c is what i'm after for a re-entry.

    interesting that the last time the SP crossed a prolonged downtrending 50DMA below the 200DMA was way back on 22May09.

    the share price was then 4c and went on to make the 1600% gain over 2 years that at least one notable norwegian blue parrot hater complained about as being too little and too slow.


    whatever the case, the next upleg forms the 1st in a new elliot wave. knowing how predictably this chart tends to move, i would expect a nice long upleg here, 49c not an unreasonable 2nd leg swing point

    also, if the board can come good on their word re: timelines, i may well hang on for the long haul this time around



 
watchlist Created with Sketch. Add RHM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.