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Looking goof for confirmation of Resistance breakout today. 2.8...

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W3Booster

1,254 Posts.

496

22/01/20

09:28

Post #: 42506202
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Originally posted by W3Booster: ↑

I charted this last night, but got side tracked and did not post it.

As we saw today, the run back up past the 62Fib of the previous high vs low, acts as a strong resistance more commonly than most can comprehend (even myself). Cracking this level will be key to a rapid run higher. Once gone, then the fib extensions come into play and are likely targets. The 200% is just an 'easy money' play as learnt off@W3hunter . There are a few here who comment on the SPX thread. SPX when through a very similar chart pattern on its breakout! The biggest catalyst required IMO is a break upward for gold prices. SPX and the other gold spec stocks are likely old hack now... this chart has huge potential!

GLTA!

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Looking goof for confirmation of Resistance breakout today. 2.8 is gone, hold 2.9c and push low 3s or more and a run to mid 4s low 5s is highly likely near term.

RXL Price at posting: 2.9¢ Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 22.5¢		Change 0.000(0.00%)		Mkt cap ! $83.10M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	16000	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	77600	2

View Market Depth

No.	Vol.	Price($)
2	16000	0.215
1	20000	0.210
3	205000	0.200
1	5050	0.195
4	92788	0.190

Price($)	Vol.	No.
0.200	77600	2
0.210	37600	2
0.225	51790	1
0.235	219357	4
0.240	214934	4

Last trade - 19.00pm 25/04/2024 (20 minute delay)

RXL (ASX) Chart

Day chart unavailable