It has been a fantastic run from Mid December till now.
RMS now has met some resistance, at least it looks like not much buying power.
Somebody is very keen to take it higher but the mass is not following.
As the price is rising volume is decreasing. Good & bad both.
Good in a sense that not much resistance left.
Bad in a sense that the up move lacks strong conviction.
Higher prices with increasing volume would be an ideal situation.
The rise from 35-36 to 55-56 has been kind of vertical without any serious pullback.
I have let go some and kept some. It has done for me what I had asked it to do, although it gave me pain for quite sometime. Last time I missed the selling opportunity was in early 2017 and sat it out watching the whole year. Things are different now but I believe at some point people will be taking profits. If gold doesn't go higher than it will trade in the range of 50-60c.
RMS is still a great value compared to some other miners but since it traded below 50c for more than a year, I expect some profit taking event to happen.
Well done RMS team.
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Last
$1.94 |
Change
-0.060(3.00%) |
Mkt cap ! $2.219B |
Open | High | Low | Value | Volume |
$1.96 | $1.97 | $1.93 | $6.531M | 3.362M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 63723 | $1.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.94 | 33487 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7812 | 1.935 |
2 | 17812 | 1.930 |
4 | 24170 | 1.925 |
2 | 19812 | 1.920 |
1 | 7812 | 1.915 |
Price($) | Vol. | No. |
---|---|---|
1.945 | 4500 | 1 |
1.950 | 7812 | 1 |
1.955 | 10812 | 2 |
1.960 | 12812 | 2 |
1.965 | 7812 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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RMS (ASX) Chart |