RDN raiden resources limited

New TA/Charting, page-26

  1. 6,727 Posts.
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    Breaking through the 25-MA and 50-MA now (pink and yellow lines converging at todays candle), very bullish - rule of thumb is if it's aboe the 50-MA it's in a Bullish trend.

    Once it breaks through 3.6c the next target price is 4.2c but 3.9c will see it break the upper line of the Handle for the Cup and Handle playing out, which has an 8c target just purely from the principles of the Cup & Handle pattern where the target price is the depth of the Cup, but needs fundamentals to back it up and help see it come through, charting and fundamentals go hand in hand.

    https://hotcopper.com.au/data/attachments/6588/6588892-5b4bb2279970c01a52ebfe27be154661.jpg

 
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