RMX 0.00% 0.1¢ red mountain mining limited

RMX - CHARTS Discussion Only!!, page-2

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    60min Chart

    On this Chart it shows an Ascending Broadening Wedge formation which in my view this is a Bullish indicator, which if it plays out the way I think it will it will have a small reversal down where it should bounce off support and then reverse up for a continued breakout run with the first target of 3.3c/3.5c based on the measuring of the Wedge from support levels.

    Three blue horizontal lines are the support levels and it should bounce off 2c it not 1.9c to play out this pattern. See how things go.

    Screen Shot 2016-11-24 at 12.33.00 AM.png
 
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