RSG (so far) easily holding up over $1.45 and pushing closer to next potential Resistance target around $1.60. At the moment we are in a Stage 2 breakout, which is usually quite bullish. $1.60 isn't as significant as what $1.45, but could come into play nonetheless.
This move is also looking very similar to past strong moves in Jan 2017 and June/July 2016 (the 2016 run was part of a large Stage 2 bull run that started around 40c to $2.35).
(see black boxes (in this old chart) below):
As a quick comparison:
* In Jan 2017, in 24 days RSG went from around $1 to $1.53 (before going on to $1.91).
* The current bull run is about 24 days long from around $1 and we are currently $1.54. ie. almost identical in move/trajectory.
Current bull move (daily chart) channel:
RSG weekly chart, page-408
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Last
67.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.426B | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 70.0¢ | 66.0¢ | $11.49M | 16.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 230898 | 66.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.0¢ | 81462 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RSG (ASX) Chart |