It's probably already obvious but a chart helps me put things in perspective and seems to support the excellent research that Aksier, Nathan and Asteroider have generously shared on here, thanks guy's.
A weekly view and the volume in yellow shows what looks to be accummulation. The BLACK ADX line has fallen from it's highs of the 2008 selloff and is now at or near it's lows after accummulation and looks underdone, this should start to rise with strong buying on an uptrend. The DMI and MACD both put in a positive cross this week.
The daily shows where price has broken out of the triangle pattern but failed a back test so far. The light BLUE lines showing divergence on the MACD before a price run, this was my signal to jump in. MACD has also broken above the RED resistance line. The BLACK ADX line is yet to break above the RED resistance line. A little more time and patience before a strong run?
this is not a recommendation to buy or sell !
Rhodes
chart
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $11.52M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $6.19K | 690.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 6045200 | 11 |
View Market Depth
| Last trade - 14.46pm 05/07/2024 (20 minute delay) ? |
| RNX (ASX) Chart |