Hello Roxstars
Pretty decent week for the ROX even tho the finish wasnt what was desired, went on a run from 6. - 7.4 on the back of further stunning grades for Grace, it would have popped 8 at least if the intercepts were decent IMO.
As a basic rule, when the bollie bands ( BB ) get busted to the upside ( check black arrow ) there is only one way it goes from there , so gap up from 6.2 to 7.4 and blow the BB, it was inevitable that profit takers would come on board, including myself.
From here I dont see much further weakness for Rox, clear support @ 5.2, ideally I would like to see Rox push on from here and make 6 the new support.
Next week will tell us more.
IMO
GLTAH
RXL chart, page-2533
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