RSG

0.00%

67.0¢ resolute mining limited

CONTINUATION H&S, page-7

First 7 Last

Share
Profile

Follow
jayneen

1,210 Posts.

275

22/07/20

14:25

Post #: 46029045
Share

Originally posted by YLJ: ↑

Interesting series of patterns on RSG since the formation of the H&S top formed July-Sep 2019
(not shown on chart). It subsequently formed a bearish Continuation H&S at the target level
and proceeded to it's low in mid-March this year.
It has since formed and broken out from what can be viewed as either a H&S bottom or an
Ascending Triangle (if you do not like the asymmetrical look of the H&S).
The breakout on 14 May was stopped short and has formed a bullish Continuation H&S
with a breakout last Wednesday (July 1st).
The subsequent retest of the neckline slightly penetrated it, but not enough to hit a
properly placed stop.
I did not see or take that trade (& probably would not have) but I have taken an entry
this morning with a tight stop placed below the swing low, (one of the advantages trading a retest).
Will see how it behaves and will likely cut it if it mucks around for too long, but
worth a shot IMHO.

Dotted blue lines are the measured targets, the higher being that of the H&S/Ascending
Triangle and the lower that of the Continuation H&S.

GLTA

Expand

Amazing!

Your dotted blue line target is bang on.

Well done.

Originally posted by YLJ: ↑

Interesting series of patterns on RSG since the formation of the H&S top formed July-Sep 2019
(not shown on chart). It subsequently formed a bearish Continuation H&S at the target level
and proceeded to it's low in mid-March this year.
It has since formed and broken out from what can be viewed as either a H&S bottom or an
Ascending Triangle (if you do not like the asymmetrical look of the H&S).
The breakout on 14 May was stopped short and has formed a bullish Continuation H&S
with a breakout last Wednesday (July 1st).
The subsequent retest of the neckline slightly penetrated it, but not enough to hit a
properly placed stop.
I did not see or take that trade (& probably would not have) but I have taken an entry
this morning with a tight stop placed below the swing low, (one of the advantages trading a retest).
Will see how it behaves and will likely cut it if it mucks around for too long, but
worth a shot IMHO.

Dotted blue lines are the measured targets, the higher being that of the H&S/Ascending
Triangle and the lower that of the Continuation H&S.

GLTA

Expand

RSG Price at posting: $1.39 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

IMU

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

HotCopper Highlights: Your most watched and most discussed stocks this week

First 7 Last

Add RSG (ASX) to my watchlist

(20min delay)
Last 67.0¢		Change 0.000(0.00%)		Mkt cap ! $1.426B

Open	High	Low	Value	Volume
70.0¢	70.0¢	66.0¢	$11.49M	16.98M

Buyers (Bids)

No.	Vol.	Price($)
3	230898	66.5¢

Sellers (Offers)

Price($)	Vol.	No.
67.0¢	81462	3

View Market Depth

No.	Vol.	Price($)
1	15000	0.665
5	299485	0.660
1	20000	0.655
12	87101	0.650
1	500000	0.645

Price($)	Vol.	No.
0.680	13200	1
0.690	192500	6
0.695	4316	1
0.700	45040	4
0.705	83000	2

Last trade - 16.10pm 08/11/2024 (20 minute delay)

RSG (ASX) Chart

CONTINUATION H&S, page-7

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Universal Biosensors flat despite fresh deal with US medical product distributor

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Flynn Gold reaches milestone exploration target for Golden Ridge

HotCopper Highlights: Your most watched and most discussed stocks this week

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

CONTINUATION H&S, page-7

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Universal Biosensors flat despite fresh deal with US medical product distributor

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Flynn Gold reaches milestone exploration target for Golden Ridge

HotCopper Highlights: Your most watched and most discussed stocks this week

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News