RHM 0.00% 30.5¢ richmond mining limited

the way i see it, charts usually give a good indication of what...

  1. 12,407 Posts.
    lightbulb Created with Sketch. 85

    the way i see it, charts usually give a good indication of what is going on.

    the cup that we are just carving the side of today has taken 3 months to form, and can be read thus:

    jan - insiders getting set forms left side of cup

    feb - lull as negotiations begin, leading to base of cup

    mar - negotiations advance, leading to right side of cup

    after today, we should see a handle as we wait for settlement.

    come settlement, we should see the breakout. already the target is at 59c. the higher we go today, the higher the target will be.

    a 51c close would be right on the pitchfork trigger line, and suggest a target of 65c

    its all there, lets just see how it pans out
 
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.