mfj, the other thing that I really like atm is that the MACD has just gone from -ive to +ive territory.
The last two time that RMS did this was in Aug 2010 and price gapped up from the low .40s to .90 for close to a 100% gain before the first correction took hold and then again in early November it went from -ive to +ive and price gapped up again and went from the .60s to 1.12 for close to a 70% before the latest correction took hold.
Now here we are last week price gapped up again as the MACD crossed from -ive to +ive and if it has a similar run in % terms then 1.50 could prove conservative and time wise we could get there in as little as a month.
Cheers
good news coming, page-8
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Last
$2.14 |
Change
0.040(1.90%) |
Mkt cap ! $2.456B | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.15 | $2.07 | $5.340M | 2.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 96948 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 39393 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |