G'day EmarkSaw your query on the CXM thread.The RCH chart is...

G'day Emark

Saw your query on the CXM thread.

The RCH chart is looking very interesting indeed. There is a fair bit of resistance here, having been there three times in the last 6 months.

This time it looks like it will punch through this level. I think this stall we saw today was quite normal. I reckon without news we might se another 2 days of this, perhaps dipping to touch 4.8 again then very quickly moving up from there. This will finish the "handle" on the "cup" that we currently have in place. Based on the current depth of the cup, we have a projected target of 6.8 cents. This will depend on how much trader action there is, and if a bullish announcement comes in. Could go higher is those 2 are positive.

How is that for you?

I continue to hold. I am not interested in trading out just for a few dollars profit, I would like to see what RCH can ultimately do.

cheers