Ann: Maiden Drilling to Start at West Kimberley Project-RMR.AX, page-40

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Chey-9

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29/04/16

12:10

Post #: 17631618
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Originally posted by Cheynne ↑

Thnx cc.
The stage 4 down-trend for RMR was was long in years and commenced in 16/07/07 from a close of $20.57 ending in a stage 1 basing low of .002c recently.
In stage 4 down trends some holders hold on waiting for an up trend forever and a day whereas new traders, pros and swing traders enter in any short rise in a down trend and sell out after the rise leaving new traders caught in the pockets and wait on...on and on it goes. Each spike or higher low in a down trend becomes a target stage when a breakout up-trend occurs where holders have been waiting a long time just to get out of their trap.
Of course the $20 figure is there but not a target for obvious reasons as we now look at shorter term targets maybe on a 1 year chart then glance very briefly at a 5 year chart.
.005c
.007c
.03c
Then it be comes out of bounds and although the figures are there I wouldn't dare attempt at this stage as there are too many variables as we await announcements and results as they present. We should look at charts every day to re-evaluate. In the end the drill has to do the talking,

Charts are in various forms, show strengths and weaknesses, where money has been where it is going and are leading indicators. It is up to each of us to make our own decisions. Dyor

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Originally posted by Cheynne ↑

Thnx cc.
The stage 4 down-trend for RMR was was long in years and commenced in 16/07/07 from a close of $20.57 ending in a stage 1 basing low of .002c recently.
In stage 4 down trends some holders hold on waiting for an up trend forever and a day whereas new traders, pros and swing traders enter in any short rise in a down trend and sell out after the rise leaving new traders caught in the pockets and wait on...on and on it goes. Each spike or higher low in a down trend becomes a target stage when a breakout up-trend occurs where holders have been waiting a long time just to get out of their trap.
Of course the $20 figure is there but not a target for obvious reasons as we now look at shorter term targets maybe on a 1 year chart then glance very briefly at a 5 year chart.
.005c
.007c
.03c
Then it be comes out of bounds and although the figures are there I wouldn't dare attempt at this stage as there are too many variables as we await announcements and results as they present. We should look at charts every day to re-evaluate. In the end the drill has to do the talking,

Charts are in various forms, show strengths and weaknesses, where money has been where it is going and are leading indicators. It is up to each of us to make our own decisions. Dyor

Expand

Wow. Someone did a quick dump around 12 mil? at .004, mustn't have shared the dream or had other needs. I think it should consolidate for a short while before it moves on. Had a 150% increase in a short while...I'll just sit back and watch for a few days I think There is a lot going on.

Last edited by Chey-9: 29/04/16

RMR Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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Ann: Maiden Drilling to Start at West Kimberley Project-RMR.AX, page-40

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