Not exactly a higher low (down to 41.5 last low 42) but still...

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falling knife

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29/10/21

13:34

Post #: 57180279
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Originally posted by falling knife: ↑

Looking for the next higher low.
Supports
46.8 (Magenta 41 day MMA)
44 Red uptrend line

Hope we find a higher low above 42 to continue the step up approach.
All formations like to erupt either way, up or down, in the last 3rd of the formation.
We are certainly in that stage of this wedge.
People might have been expecting infill in the last set of results and were found wanting.
Interview on other thread from Proactive has Shane Sikora saying RTR are doing half KM step outs to determine how big the mineralisation footrpint is. He says; All our drilling suggests the deposit between Chinook and Sweetwater (12kms) will contiue.
I assume its important to get this potential size before infill to assist with bargaining if TO appears.... Know your potential/product asap.

I dont think the size of this deposit has been understood by the punters....
40000 planned drilling, as he mentioned will be expanded.
The Super pit in Kal is 3.5 by 1.5km and 600m deep.
Swallowed by the 45km strike outlined by RTR lol....
Happy to continue drillling out the boundaries for now.

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Not exactly a higher low (down to 41.5 last low 42) but still shows some strength
Sp has reached the pointy end of the wedge. It has to break either way now.
Tested lower, found support.
MACD flat but RSI and Stochastic have an uptick

and dropping volume over the last down leg

RTR Price at posting: 45.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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