Many factors influence price action.
RSI is just one indicator, so if you have based your entire analysis on the RSI, then i would suggest that you are overlooking many other significant influencing factors.
Also, i think you said the share price has moved up "on no news". Not accurate, some significant announcements have been released in the last few weeks.
IMO, price is definitely going to continue moving higher from here.
Caravel Copper Project - Bankable Feasibility Study, page-165
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $91.97M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 16.0¢ | $28.17K | 171.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19206 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 68500 | 2 |
View Market Depth
| Last trade - 15.59pm 08/11/2024 (20 minute delay) ? |
| CVV (ASX) Chart |