How to interpret the RSG chart. Well what I am seeing is a struggle between the 50 SMA and the 20 EMA. I see horizontal support at $1.6 and the 0.5 Fibonacci sitting at about $1.54. This could prove to be a head and shoulders formation, however one must understand that if a head and shoulders formation does not break down, it can be an extremely bullish signal. As you can see in the bottom chart, RMS also displayed a head and shoulders pattern, however the price action didn't follow through past the 0.5 Fibonacci, and the price proceeded to EXPLODE from 0.63c to almost $1.5. This is a potential and is all IMO. Be careful.
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Last
70.5¢ |
Change
-0.005(0.70%) |
Mkt cap ! $1.500B |
Open | High | Low | Value | Volume |
70.0¢ | 71.0¢ | 69.0¢ | $9.005M | 12.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 151500 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.5¢ | 99995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 144000 | 0.700 |
1 | 5500 | 0.695 |
13 | 315905 | 0.690 |
9 | 230611 | 0.685 |
18 | 304195 | 0.680 |
Price($) | Vol. | No. |
---|---|---|
0.710 | 50000 | 1 |
0.715 | 111762 | 4 |
0.720 | 198762 | 3 |
0.725 | 58223 | 2 |
0.730 | 97294 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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RSG (ASX) Chart |