Your right the cause is not RMS the cause is the chart below - Large volumes on drop, small volumes on rise, a ascending wedge after a big run is usually a very bearish pattern which explains the sell down across all gold stocks, hope this helps.
RMS Chart, page-233
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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 |