Since the chart breakout on the 22nd of April its upward trend has consolidated. On Friday while several peers were heavily sold RMS held up very well. On the charts the next barrier comes in the $1.40s. It has been up around this current price several times in the past 9months but has never managed to break through the 1.40s having closed above $1.40 only 3 times (back in Feb).
If it gets above the $1.47 it will be a new 9 year high on the chart and a close above that price will be very bullish (in my opinion). The previous high before that of $1.735 (circled in the 2nd chart) was reached way back in 2011.
With several good news flows anticipated in the coming weeks/months I'm feeling a little optimistic.
RMS Chart, page-18
-
- There are more pages in this discussion • 2,389 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.93 |
Change
-0.010(0.52%) |
Mkt cap ! $2.214B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.94 | $1.92 | $664.5K | 344.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 36688 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 13366 | 14 |
View Market Depth
| Last trade - 10.42am 26/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |