RRL - gold miner break out of an inverse head and shoulders pattern which is a very reliable pattern. target circa $2.80 long term hold till $5.50 strong support @ 1.30
daily chart has a breakout from an inverse h + s pattern. This is a very reliable pattern. Hold on this RRL for a long term period and sell when price hits circa $5.50 Most ASX gold miners are at a breakout level. triangle setups etc.. GOLD will head higher tonight as the CPI data will be released. money supply will always expand. never contract. its a sure thing
Above 20 & 50 sma RSI overbought MACD above 0 and positive
Take a closer look at the highlighted area in which, four different lines are acting as a support... REGIS RESOURCES LIMITED RRL(ASX) ASX:RRL
Regis Resources Limited (RRL) - LONG Regis Resources, together with its subsidiaries, engage in the exploration, evaluation, and development of gold projects in Australia. The company owns 100% interests in the Duketon project located in the North Eastern Goldfields of Western Australia; and the McPhillamys project situated in the Central Western region of New...
ENTRY: 3.54 TP1: 3.09 TP2: 2.34 SL: 3.85 - ADX<25. Would like to be higher for momentum. - RSI<35 - FFI and RS -ve - MAs are aligned - Break-down with decent volume
I believe RRL is giving a good medium term buying opportunity, as it had pulled back into Support and after some days of consolidation, it is showing Bullish Price Action. Price has broken the green downward sloping trendlinewith High Volume which is why I am confident that now it is ready to go up. From the closing of the Current Daily Green Bar ($3.87) to my...
ASX:RRL All boxes checked for an entrance. Entry: $5.37 First Target: $5.59 Second target: $6.20 ish Let's see what the future says.
I have been reading Bulkowski. Exhaustive amount of information to be digested. Here is a trend reversal pattern. Inverse head and shoulders formed on Regis Resources and it gapped up this morning on opening increasing chances of success. The tall and tight nature of the formation is also a predictor of success. Average gain on this pattern is around 30+%...
Start from long term, purple below and newer one purple from up to down, from the resistance yellow line, we want to see the move of uptrend across the purple backtest, stay within the range of purple line making sure not break through below the purple line. If it goes, this is a BUY!
Price has made a higher swing low if close above previous swig high we have a change of trend up to Fib Extension level
ok its made new highs. Ascending triangle break out. BOLD time to average up. add to your exisiting position
The bullish three line strike reversal pattern carves out three black candles within a downtrend. Each bar posts a lower low and closes near the intrabar low. The fourth bar opens even lower but reverses in a wide-range outside bar that closes above the high of the first candle in the series. The opening print also marks the low of the fourth bar. According to...
uptrend... waiting for breakout and buy position