Still following RMG for sentimental reasons...
Back testing previous all time low of 6c. Watch out for a break below this.
I have previously posted a forecast for a possible base at around 3.5c based on a fibonacci 161.8% long term support beginning with the low of 13.5c on the 21 March 2001. Based on this 6c level there is now also a corresponding confirmation of that low as the 261.8% retracement from a shortterm pattern if 6c is broken and the 161.8% shortterm at 5c.
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- Here we go again.
Here we go again.
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