RMX Chart
Today was an amazing day and a really good day for RMX.
Opened with a Gap Up to continue the previous Breakway Gap Up.
RMX is now in a Breakaway and in a continuation pattern with the Gap Ups.
Today's Full Body White Candle officially confirms the breakout which some look for before entering, hence the huge volume today which also helps with the confirmation of the breakout.
Two Full Body White Candles is very bullish and tomorrow should see another Full Body White candle to create the Three White Advancing Soldiers pattern which is a very bullish pattern.
Should see RMX hit 3c by end of the week.
Breakout from the Symmetrical Triangle confirmed.
MACD crossed yesterday which was the first signal to buy and today the confirmation with the significantly higher volume and share price rising.
The volume churn is really good and that the share price increased so much with huge buying in the afternoon at the 2c to 2.2c levels. Very bullish outlook for the week and future as it works towards drilling in the next 6-10wks and should see the Market Cap catch up to other Lithium peers who have $15m-$20m MC and yet to start drilling.
As Greenbull posted in the table, RMX are clearly the most undervalued by far out of all the lithium stocks, $10m MC is very fair value to start with if not closer to $20m MC.
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