RMX - CHARTS Discussion Only!!, page-1409

Chart looking really good for the Cup and Handle Pattern.

Handle forming very nicely, as mentioned few times these patterns can take around 4 weeks to form.

For the Handle part of the Cup there is both a Flag pattern (the symmetrical lines) and a Falling Wedge Pattern within the Flag.

Also noted the key Reversal Bounce points in the trading for the last few months. Making higher lows each time with a clear out of place drop and then a very strong reversal.

Trading now on very low volume, even 10m is low volume for RMX given it was trading 150m-200m days only in November.

MACD is trending nicely, falling into the Oversold territory below the 0 point, similar to previous reversal patterns where it found support levels and reversed.

3.8c is a key support level which needs to hold and so far 3.9c is being soaked up, even at this low volume.

Overall looking really good, just need that news of Drilling Contracts, Permits and Drilling to start or even an Acquisition would spark the breakout that's waiting to happen.