Theres not a great deal to see we are moving side ways ATM but this will give some hope to believers : Bullish Signals:
The price surged 8.3% in the last week and soared 18.2% in the last month.
This has been propped up by robust volume of 2.4 times average for the week and by firm volume 1.2 times average for the month.
In the Australian market of 1,373 stocks and 78 units traded today, the stock has a 6-month relative strength of 81 which means it is beating 81% of the market.
A price rise combined with a high relative strength is a bullish signal.
The price to 50-day EMAP ratio is 1.1, a bullish indicator.
The stock is trading above both its MAPs and the 50-day MAP of 1.20c is higher than the 200-day MAP of 0.96c.
In the last three months the stock has hit a new 52-week high twice. For the people who do not understand the above it means we are moving forward and the believers can sleep a little better This is not a RAMP the information is freely available
RMG Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
