Looks like another pole and pennant forming in the copper spot price chart. The pole height suggests a move up to $4.80 and the flag length suggests the breakout will start in the next few weeks.
With gold price creeping back towards $1900 overnight as well, we may see a reversal in the recent slumping RXM share price.
Some good drill results fro Nevada wouldn't do it any harm either.
Chart, page-58
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Last
47.0¢ |
Change
0.005(1.08%) |
Mkt cap ! $368.1M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.0¢ | 46.5¢ | $3.977M | 8.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 11515797 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 5742426 | 40 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| RXM (ASX) Chart |