RXL 0.00% 13.0¢ rox resources limited

Ann: Response to ASX Aware Letter , page-57

  1. 7,432 Posts.
    see all the "wise" advisors have not descended on AZS today.Yet their was a morning flurry before the release of results.Wasn't that "insiders"? Brokers buying to sell the news?
    Heaven forbid it wasn't trusting Companies in "exotic locales' over another boring Green Fields WA discovery like RXL!

    yeah the day traders were all over their darling AZX today.
    obviously missed the RXL 'action' so didn't come the pump and can't be 'blamed' for feeding exuberance,newbie skinning this time today re ROX.

    New Pilgrims to Mammon there's a Fact about 10/12 cents being natural resistance.There's a scenario that forms once a share breaks out over 5 cents and has some Fundamental Chance of cracking 12 AND staying there.

    The Boys rally round d'Flag and the prospect of 5%ish per tick 10-12 "stimulates" them.

    ROX is "handicapped" at the moment because there is no known significant news coming out tomorrow or next week whatever so d'Smart Crowd who really only use news release as their Fundamental Analysis are stuck in Limbo.

    I use only very basic TA.Support and Resistance virtually
    so today's action merely confirmed a range for RXL between 61/72 ie a close below 57 would be distressing and a break of 71 exuberant confirming.


    will do a close order 10min chart and further rabbiting on daily later.maybe.
 
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