RHM richmond mining limited

Just posting a chart with my thoughts. Would be interesting to...

  1. 1,014 Posts.
    Just posting a chart with my thoughts. Would be interesting to get everyone elses.

    Looked like the repeating ranges was executed twice. One after the other. Which is not surprising in my opinion. RHM is hugely undervalued at the moment.

    Fibs: Touched the 38% on the Fibs. It COULD suggest that it might bounce off that. Or will it go all the way down to the 50%? A Hold at the 38% would be great and would show fantastic strength.

    RSI: Was overbought for a while. Back into the safe zone after todays trading. Could see some trading since it is the end of the week.

    However MACD's are turning down.

    May see some sideways action, if not upwards.
 
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