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24/11/16

13:22

Post #: 20856917
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Originally posted by TheArchitect ↑

Lol not much Charts discussion, thought there might be more since some were asking for a Charts thread to open up

Here's a Daily for today.

Looks really good.

We opened at what was rightly the correct price, given the most Volume soaked at 2.3c yesterday and was the true price point.

Today has seen it smash through resistance levels above and what many were expecting to drop below 2c has seen it make new highs at 2.8c and lots of soaking at 2.6 and 2.7

Today's volume still really good at 64m however the traders have left and that can be seen in the drop of volume, most here will be investors and short term traders/long term looking to make larger gains which this will make.

The candle today is very bullish, long white solid body.

As I noted in one of my charts the EMA and MA lines were the biggest signal that this would keep going because they both are still just starting the uptrend and same with the MACD.

The stock is still new, people are still finding out about it and it's way too cheap at current MC, so it will re-rate and still has lots more to go. $20m MC isn't out of the question before drilling, so many lithium stocks are at that level before drilling.

View attachment 350198

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They way i see it now is like you & @downunderboy said momentum is strong so it will just keep churning, once we get some decent news, it should take on chart that would be easier for me to understand, so i will just sit back now and let you guys post.

I've learned heaps of you're TA posts Arch, i think the next signals for me to learn will be EMA and MA..

RMX Price at posting: 2.7¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

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