Very much agree too. What I quite like about RXM from a technical perspective is that it is back near its all time highs EXCEPT without the baggage of players with weaker hands. Hopefully with a stronger shareholder base this should push RXM much higher than where it is now.
My assumption only but the late-Nov pullback from the initial breakout past 2.40 (circled in chart) was a very healthy flushing of weaker hands. There would have been many players congregating just below this technical level who would have either exited or were stopped out (before stock bounced off the 30 week moving average and taking off again). Unless the market chucks a wobbly I only see significantly higher levels for this stock.
DYOR and good luck holders!
Very much agree too. What I quite like about RXM from a...
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $360.3M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.5¢ | 46.0¢ | $363.8K | 790.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 7837359 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 6486767 | 38 |
View Market Depth
| Last trade - 11.39am 06/09/2024 (20 minute delay) ? |
| RXM (ASX) Chart |