RMG 0.00% 0.7¢ rmg limited

and the capping continues..., page-7

  1. 1,516 Posts.
    Snacks

    I think you have to take a wider view mate, if you looked at todays action on it's own it means nothing, but if you've been watching the past 10 trading days (give or take a few) you'll notice a trend emerging.

    Increased resistance is not what normally happens when buying pressure increases, if anything increased buying pressure thins out the resistance levels as sellers pull their orders because they think it's going to breakout. Everytime buying pressure has increased with RMG recently it's been matched in resistance and when the buyers have got bullish a dump has occurred.

    That smells like capping to me.
 
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