Traded in a channel between 8 and 10.5, could have broken out either way to the extreme i.e. downside or upside - it chose to break to the upside (instead of tripple bottoming at 8) and smashed through the 10.5c ceiling on very high volume - this volume was maintained over the following days
12c was significant resistance and it broke through that without any problems
The upside from here is huge. Up swings on solid volume and down days or consolidation lightly traded
All that remains is 16.5c resistance then it's as good as blue skies - Note the volume traded at those levels historically are higher than average so will require another solid day of trading to burst through it all, but I'm not waiting for that as I don't wish to pay 20c plus - happy to buy now at 16c and wait for the big day - if it scales back then I will top up
Holders are onto a winner
RHM Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held