RHM 0.00% 30.5¢ richmond mining limited

time for another look?, page-7

  1. 15,731 Posts.
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    looks good on paper, but not much volume.

    the backtest of 26c is what i'm after for a re-entry.

    interesting that the last time the SP crossed a prolonged downtrending 50DMA below the 200DMA was way back on 22May09.

    the share price was then 4c and went on to make the 1600% gain over 2 years that at least one notable norwegian blue parrot hater complained about as being too little and too slow.


    whatever the case, the next upleg forms the 1st in a new elliot wave. knowing how predictably this chart tends to move, i would expect a nice long upleg here, 49c not an unreasonable 2nd leg swing point

    also, if the board can come good on their word re: timelines, i may well hang on for the long haul this time around



 
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