RHM 0.00% 30.5¢ richmond mining limited

since october last year this chart looks like it has been...

  1. 15,828 Posts.
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    since october last year this chart looks like it has been playing out just perfectly, with cyclical ascending triangles and descending wedges rising and then consolidating at textbook target prices.

    the only downlegs seem to have coincided with Narracoota anxiety. given that Narracoota now seems to be playing second fiddle to a much more attractive BV, (and most of the Narracoota purists seem to have exited on the last quarterly), this could now move into a much steeper trajectory.

    speed lines, uptrending resistance lines, and the ascending triangle now complete all seem to be pointing to the same target for me

    ie 37.5c

    hopefully the chart will do what it has already done 4 times this last year, and consolidate above the new price target in time for the PFS.

    maybe then we will enjoy the benefits of veritas recommendation to kick off the next pretty picture.


 
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