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.