Taking a step back and looking at the charts.
We had a strong run up from $0.60 lows of Oct 2022 to the Dec 23 high of $1.78 (in a classic Eliott 5 wave pattern for completion of major wave 1). Now into a correction (so major wave 2) and about to hit the 38% Fib level. Correction could end around here or we could see further downside to the $1.19 (50% Fib) level.
Overall, if you are patient, when this corrective phase is complete, we should then see the start of a very significant Wave 3 that could rise $1.91 (1.62x Wave 1) from wherever the Wave 2 low settles. Bottom line - patience is the key for current holders.
Ann: Financial Results for the Six Months to 31 December 2023, page-32
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.99 |
Change
0.050(2.58%) |
Mkt cap ! $2.257B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $2.00 | $1.96 | $2.343M | 1.184M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 21842 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 44810 | 14 |
View Market Depth
| Last trade - 12.38pm 06/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.98 |
Change
0.050 ( 2.57 %) |
||||
| Open | High | Low | Volume | ||
| $1.97 | $2.00 | $1.96 | 333738 | ||
| Last updated 12.57pm 06/06/2024 ? | |||||
| RMS (ASX) Chart |