Bullish pennant for RML on TSX.
Not confirmed yet. Mining industry has been on an uptrend for some time now.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4-
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in may 2023
8- ATR climbing, more volatility
9- Post formed with volume
10- Descending volume during pennant forming
Cons:
1- Figure is not confirmed
2- No break out yet
3- 250RSI No data yet. Young stock.
If confirmed, target price is 0,34$
Again, stay humble, have fun, make money!
MAAX!
Not confirmed yet. Mining industry has been on an uptrend for some time now.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4-
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in may 2023
8- ATR climbing, more volatility
9- Post formed with volume
10- Descending volume during pennant forming
Cons:
1- Figure is not confirmed
2- No break out yet
3- 250RSI No data yet. Young stock.
If confirmed, target price is 0,34$
Again, stay humble, have fun, make money!
MAAX!
