RAS 0.00% 1.6¢ ragusa minerals ltd

RAS Gold results potentially even stronger, page-37

  1. 4,507 Posts.
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    Todays chart.
    Quite negative looking now in as far as a retracement can be expected.
    Volume increased significantly on the prev day & was overall selling.
    Call it profit taking perhaps but it should not have been unexpected & it now looks like the retrace will continue.

    The MACD made a lower bar & the stochastics are still moderately negative looking & need to come down.
    That is not to say that attempts will not be made to beat the weeks high but imo that will ultimately fail in the short term.
    The FVG now is from 20.5 to 24.5.
    Fundamentals will keep the interest alive but the chart patterns will have their way.

    RAS 23 Aug.png
    Last edited by seagull: 23/08/22
 
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