RMX - CHARTS Discussion Only!!, page-464

On candle patterns you have to block out the noise around the patterns many times, don't take my word for it each to their own, but has proven successful in my analysis over the years.

Also have to take into account the volume traded at that level if there's a large long tail, prefer to base the patterns mainly off the candle base not the tail, but it depends on the situation of the stock and many other factors.

RMX chart looks good.

A few different patterns here.

Daily we have a Flag formation in the last few days, bullish reversal pattern, but will need volume to come in next few days to breakout from it.

Also have Symmetrical Triangle or Pennant formation, both bullish patterns as the stock continues to make higher lows and lower highs, coming down to a pinch.

Has been bouncing off the support level at 3.1c very strongly and it's showing a strong accumulation channel has developed between 3.1 and 3.6c and just fluctuating sideways until further news/catalyst for it to breakout from here or more when buyers realise it's getting closer to drilling so in anticipation likely will take positions after Xmas and New Years which should see it move in the high 3c range.

MACD is trend down but more sideways, same for the EMA and MA lines on the candles, all just sideways movement and volume continues to drop. Can tell for the most days it's in accumulation with this volume trading.

Don't see it dropping below 3c

Why? Simply it's moved on from that level long ago. It had it's pullback, bounced off 2.9c and pushed back up, from here now it's just sideways movements, few pips up and down between 3.1 and 3.6 on low volume.

Fundamentals are very strong and more are wanting in when it gets closer to drilling starts then those wanting out. Small fluctuations, just traders and retailers.