RHK 0.00% 72.0¢ red hawk mining limited

classic break up ...so far, page-6

  1. 24,192 Posts.
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    Not they won't be raising capital for some time... didn't they state they had enough cash for the DFS already ?...

    From a Tech perspective we are still sitting at the Old resistance level (now Support at 21 - 21.5c) ... It took the Stock more that 3-4 days of continuous attempts to break through this area ... So to break down from this area It will need at least 2-3 days of heavy selling IMHO ...may happen but I cannot see happening...

    I expect we will hover around this area today before we see buyers starting to build again and then a break back upwards towards the 22.5 retest.. 2-3 days is more than enough support for a bounce IMHO. If it dips below the support area it won't for long.

    but as always time will tell... DYOR
 
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