RR1 16.7% 1.4¢ reach resources limited

1.6c taken out in one single buy for 19.9m shares and my first...

  1. 6,585 Posts.
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    1.6c taken out in one single buy for 19.9m shares and my first target of 1.7c now trading, based on the Chart pattern noted below.

    From my post last Friday:

    A Harmonic Bullish Butterfly pattern has formed and now completed with the start of the breakout today confirmed with Volume increased and the first target of this breakout is point-A: 1.7c and will need further positive news to break further, either from the upcoming Assays or from neighbouring tenements such as DLI, MI6 or left field MIN or Hancock (Gina Rinehart) making a direct play for RR1.

    Full post can be found here https://hotcopper.com.au/threads/chart.7420798/page-73?post_id=69873247

    As noted in my analysis from last week, the bullish butterfly pattern was completed and now in breakout with today a further confirmation with higher volume than last Friday already so far and breaking the 1.6c resistance level.

    Chart below is from last Friday's post, will post a new one once the day's trading has finished.


    https://hotcopper.com.au/data/attachments/5588/5588439-776093adb77b9560c637ec7b250af813.jpg

 
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(20min delay)
Last
1.4¢
Change
0.002(16.7%)
Mkt cap ! $12.24M
Open High Low Value Volume
1.4¢ 1.4¢ 1.2¢ $32.16K 2.436M

Buyers (Bids)

No. Vol. Price($)
1 75000 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 30000 1
View Market Depth
Last trade - 15.59pm 04/11/2024 (20 minute delay) ?
RR1 (ASX) Chart
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