I am still waiting for my entry. IMO the following areas are possible targets on this leg down.
1 61.8% fib of the first run up, this will mean a 100% retrace of the last run + a little (weakness)
2 (and my preference) a retest of the Green fork, This will provide more confidence in the PF for future projections. It has worked well todate but I would like another touch of the lower tine for validity
3 the falling trigger of this same PF.
This run down is on larger volume than the last few which is not a good look ???Is there a potential -ve surprise in the quarterly?
The last target which would be fantastic for the long term chart is the gap at 24 - 25c..... Ouch for some, but great place to top up...Or if your like me and window shopping.. buy in.
LT shouldnt be too concerned, this co seems to have all the right ingredients and so few shares on offer... no wonder it can be a little volatile
RHM Price at posting:
39.0¢ Sentiment: None Disclosure: Not Held
