Chart looks really good and low volume buying, soaking up 3.2 with some nibbles at 3.3
Two Long Legged Doji candles now formed, today and yesterday which is great.
The Long Legged Doji is a great reversal signal and bullish candle when it appears at the bottom of a downtrend and after a Bearish candle like the big red one previously.
Volume has dropped off so that tells me selling pressure has pretty much finished and supply drying up, confidence coming back in for RMX and general small cap markets and the price should start pushing back up.
3.2c is a strong support base as noted in previous support levels where it's bounced with 2.9c the base support level which is one of the CR levels (the other at 3.1c) and has bounced off 2.9 very strongly and now making Higher Lows from that level to the current price of 3.2/3.3
With drilling to now start; Permits just granted, drill company hired, rig available, Cobalt acquisition with 6 weeks due diligence started.
Lots of news flow to come and a strong re-rate still to come.
$3.35m in Cash
$13m Market Cap
421m Shares
Cobalt and Lithium (Copper too).
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Chart looks really good and low volume buying, soaking up 3.2...
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