Don’t know, chart seems kind of under the weather atm with the lingering sp /rounding top /the inside-day bar yesterday /& perhaps the current state of a few indicators.
It's probably just a temporary phase.
POG was enticing for a moment last night. Thought it was going to exceed Wednesday’s high (1289.77 US) with a closing hammer but fell short to a retreat. Thinking it spiked hard last month and could retrace in the coming few weeks before finding some traction for the next leg. (overbought as Foxtrot suggested?) Who knows though, it’s still quite elusive lol.
Whether RMS is heading sideways for a while longer [accumulation/distribution] or moving up or down in the near term is a subject for observation.
A break of 44 cents would spark better interest for next week but looking for a minimum closing price of 42 cents today. JMO.
(Taking a breather over this weekend for further assessment but will consider a re-entry shortly at some point higher or lower)
Anyways best regards all, see you soon.
PS. Yeah sorry about that Rise. I was probably in that frustrated holder category : (
(But you traded it a few times yourself if I'm not mistaken buddy! lol)
RMS Price at posting:
40.5¢ Sentiment: None Disclosure: Not Held
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