RSH 0.00% 2.9¢ respiri limited

chart, page-160

  1. 1,268 Posts.
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    View attachment 1036318 View attachment 1036366 View attachment 1036369 View attachment 1036318 View attachment 1036366 Such a good post from Onejet in late March - proved to be spot on - what is your prediction now onejet?

    QUOTE="Onejet88, post: 32143585, member: 146582"]Apologies Playa de Thailand, if you took offence to me simply asking Where The Feline was... You were dribbling nonsensically about a cat on an Asthma monitoring device forum... Thanks in advance for refraining from your 'pussy/feline talk' in the future.  Again, I do apologise if I hit a sensitive nerve..

    For what it is worth I think we are on the same team re RSH..
    I tend to look at it from a technical perspective (charts never lie) in conjunction with a fundamental overlay as to why I think this is potentially one of the better opportunities over the next 12 months.

    Technical (couple of charts below).
    1. Over a 3 year period RSH has View attachment 1036318 View attachment 1036366 View attachment 1036369 completed a double bottom 'basing' pattern - on ever increasing volume since September 2017.
    2. Broken out of a descending triangle pattern (Jan 18) and also breached its horizontal channel range (March 18).  Both BULLISH signals
    3. It could now consolidate in a measured move range of circa 4.8c.  Based on the last 2.5yr horizontal range that was just broken (March 18).  Based on this range - a close above the 12c area (which also coincides with a prior resistance level) should open up the imagination  to back up the longer term fundamental story.  See long term chart below for 'room to move' post breakout.
    4. Moving averages (50, 100 & 200) are all confirming a clear up trend leg has begun - with very good momentum backing the move.

    Validating all this is the fundamental alignment to the positive chart patterns
    1. If you look at who has been selling over the last 12 months - Pattersons (who have been predominantly sell only - see below) & Ords.
    This confirms that there may be other reasons (See ASX announcements re board spill late 2017) for reasons as to why someone could be willing to sell at these low levels right when the company is on the cusp of some significant milestones.
    2. New CEO with necessary experience is now in 'el capitano's seat'
    3.  There is obviously a clearly defined market who has a NEED for this product.  The prototype is due to be completed late April/early May.  Once this is completed, Mario will be hopefully be able to 'go on tour' and find the best path/partners to move forward.

    In summary - I agree with other posters that there will not be long left where you can grab some at these levels.  The charts are backing up this story that the next couple of milestones (prototype, funding, etc) should significantly de risk this company and put it on the radar of larger investors/institutions.   If this happens to coincide with a break of the 12c range then  I think both techy's and fundamental investors will be pleasantly surprised

    DYOR, GLTA, etc, etc[/QUOTE]
    View attachment 1036318 View attachment 1036366 View attachment 1036366 View attachment 1036369 View attachment 1036369 View attachment 1036369
    Last edited by Yenom23: 11/05/18
 
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Last
2.9¢
Change
0.000(0.00%)
Mkt cap ! $33.24M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 110000 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 121551 1
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Last trade - 16.12pm 25/07/2024 (20 minute delay) ?
RSH (ASX) Chart
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