RMX 0.00% 0.1¢ red mountain mining limited

RMX - CHARTS Discussion Only!!, page-23

  1. 6,406 Posts.
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    Very very strong day

    Making new highs at 2.9c

    Soaking 57m+ shares at 2.6c

    Soaked 33.7m+ at 2.7c

    Soaked 36.8m+ at 2.8c

    with 13.23m at 2.9c

    All up churned over 167,960,183 shares today!

    So far in November it has churned 956,000,513 shares

    low of 0.010 and a high of 0.029

    We only have 345,542,182 shares on issue, so that's a hell of a lot  to churn over in such a short time frame!

    More so the Market Cap is still only $7.6m at this share price! $2m+ Cash.

    Talk about a cheap lithium play.

    Chart looks primed to keep going with today's long body white candle, with a small upper shadow due to the end of day closing at 2.7c. Which is a new high close.

    The most telling is the EMA and MA lines, these are both tightly aligned and only just starting their uptrend run and are still far away from today's candle.

    The Volume churn is also the most telling and there was significant buying all afternoon pushing the share price up to 2.9c with a lot of buying at 2.7 and 2.8

    Just the start of the re-rate and this should get close to $20m MC before drilling starts in 6 weeks.

    Screen Shot 2016-11-24 at 6.04.44 PM.png
 
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