REE 0.00% 1.3¢ rarex limited

Chart

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    For those who are interested in TA please feel free to add your charting insights...

    Today was another good day. The SP closed smack bang on historical resistance of 7.6c from back in August.

    Whilst the company has broken out of a longer term downtrend a close above 7.6c should especially set up for the next climb to 8.9/9c in fairly quick order. It shouldn't take much in the way of good news to push it past that point.

    The 9 EMA is still nicely tracking above the 13 EMA and the MACD continues to track and move north of the signal line on higher than usual volume since crossing on 23/01/2023.

    Looking very bullish at this point. See how it goes. Cheers BP

    https://hotcopper.com.au/data/attachments/5009/5009872-c1c9a77b285ac4887d842325813b4645.jpg
 
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