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A Study of Divergences.
You seem to have covered most of the bases, Jess.
The RMS chart does offer some excellent examples of the 3 classes of divergences, as marked here.
The OBV has performed well, yet again triggering buy/sell signals quite some time ahead of their associated price trendline breaks, as marked by green arrow Buy signals and red arrow Sell signals. You could be forgiven for thinking that it is my favourite leading indicator!
http://i602.photobucket.com/albums/t...usPB/RMS95.gif
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Mine too (obv) and thanks to following a number of your excellent posts. Always informative and often entertaining! I'm curious about these class divergences. Any helpful links spring to mind to read more?
Many thanks for this input.
Now with rms, have to master my own trading emotions...patience being the required self discipline.
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Having a crack at that resistance point today. Up about 9% on reasonable volume.
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Breached on 6/10/10 with a solid close at 71c
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Above was underpinned buy a Director buying on market and good early drill results at depth for Wattle Dam mine. Full report on this drill stage coming end of month which could provide drive for next move forward : )
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RMS gets a mention here as a possible takeover target as the interest in Aussie goldies heats up.
http://www.theaustralian.com.au/busi...-1225915023291
A good pick, Jess!
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Thanks MD. Still early days for this one. Lots left to run IMO. Takeover is a risk to me as it could go too cheap too soon! Nice to see it hitting radars though.
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Substantial investor and gold focused investment fund upping their holdings now.
Off she goes again.
Price closed 81.5c.
Peers are currently in the 2-3 aus dollar range.
Lots to go.
I'm in for the ride - but watching the charts, thanks for all the tips over the board Mr P. One top bloke.
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Gold up $26 / oz over night. RMS will roar again today ; )
This is a $3-4 target now IMO, which could move higher - watch its peers.
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Hi Jess,
The kick up in the gold price should make for an interesting day for RMS. I agree with your earlier posts and believe this has a way to run.
This has also been written up by Diggers and Dealers so getting that backing will also help.
Currently holding OGC,RMS,IGR and AZX.