Regis Long Term Breakout.Regis has just broken out of a multi-year cup and handle formation & is retesting the previous resistance as support.
If fundamentals remain good and with the price of gold entering its own bull run currently,
we should see solid gains over the coming years.
Last financial year they met their guid
Regis Res Ltd
No trades
4.264467
0.866600 USD
164.73 M USD
1.07 B USD
About Regis Resources Limited
Sector
Industry
CEO
Jim Beyer
Website
Headquarters
Subiaco
Founded
1986
IPO date
Feb 19, 1987
Identifiers
3
ISIN US75913J1060
Regis Resources Ltd. is a mineral exploration and production company, which engages in the exploration, evaluation and development of gold projects. It operates through the Duketon and Tropicana segments. The company was founded on May 12, 1986 and is headquartered in Subiaco, Australia.
Related stocks
Potential outside week and bullish potential for RRLEntry conditions:
(i) higher share price for ASX:RRL above the level of the potential outside week noted on 11th October (i.e.: above the level of $2.20).
Stop loss for the trade would be:
(i) below the swing low of 9th October (i.e.: below $2.00), should the trade activate.
RRL daily breakoutRRL breakout coz gold is steaming higher like a train. buy a position and hold on till $6 is hit and then exit the trade. GOLD will be the final asset class which will feel the inflation from government spending. all the cheap money has washed its way though the housing market already. saturatio
Regis Resources likely to profit from gold rallyeRegis Resources (ASX: RRL) is likely to profit from the ongoing gold strength sooner or later. Currently the stock is finising a technical bottom which has been built up over the past few months. The current breakout signals more upside in the upcoming months.
inverse h + sdaily 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.
Regis Resources Limited (RRL) - LONGRegis 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 M
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