RXL 3.23% 16.0¢ rox resources limited

RXL chart, page-1359

  1. 3,718 Posts.
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    FWIW my 2 cents on chart. encountering historical resistance from 2010 and 2013 - 9.8c (refer first red line) will need to churn a bit more in this range or need substantial news to break through. 7.8c (refer green line) showing historical support but not as strong as the resistance at 9.8c. if and when we clear 9.8c next resistance should be 12c (per the second red line)

    6.2c (blue line) also shows some historical support/resistance relationship hence maybe why pros gapped over it on announcement. obviously if 7.8 falls we could retest to close the gap. 2.9c gap is well and truly runaway.

    WEEKLY
    https://hotcopper.com.au/data/attachments/2273/2273427-3b0f47676e5b7a53f8a913e9ff3467de.jpg
    DAILY BUT WITH LONG TIMEFRAME
    https://hotcopper.com.au/data/attachments/2273/2273430-ef3ef0d2cadbc81acc9e38fa4fd300c9.jpg


 
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