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
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 (20min delay)
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Last
$2.03 |
Change
0.030(1.50%) |
Mkt cap ! $2.320B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.07 | $2.02 | $6.102M | 2.992M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 54406 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 46043 | 9 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$2.03 |
Change
0.030 ( 1.76 %) |
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| Open | High | Low | Volume | ||
| $2.04 | $2.07 | $2.03 | 651326 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| RMS (ASX) Chart |