RSG.AX finds support at 20-day moving average

Resolute Mining (RSG.AX) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


RSG.AX finds support at 20-day moving average
RSG.AX falls to lowest close since July 3rd


RSG.AX ended the week -7.04% lower at 1.32 after losing A$0.02 (-1.49%) today. Today's closing price of 1.32 marks the lowest close since July 3rd.

Daily Candlestick Chart (RSG.AX as at Jul 13, 2018):

Daily technical analysis candlestick chart for Resolute Mining (RSG.AX) as at Jul 13, 2018

Friday's trading range was A$0.03 (2.24%), that's far below last trading month's daily average range of A$0.04. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.

Prices are trading close to the key resistance level at 1.35. After trading as low as 1.31 during the day, Resolute Mining found support at the 20-day moving average at 1.31.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying might speed up should prices move above the close-by swing high at 1.35 where further buy stops could get activated. As prices are trading close to July's low at 1.26, downside momentum might accelerate should the market mark new lows for the month.

Market Conditions for RSG.AX as at Jul 13, 2018

Loading Market Conditions for RSG.AX (Resolute Mining)...
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