Raiden to regain Daily Uptrend?
Updated
Raiden Resources Limited (ASX:RDN) is an ASX copper-gold exploration company focused on discovering large scale mineral deposits in the world class Tethyan region of Eastern Europe. Raiden operates in low cost and mining friendly jurisdiction’s which remain underexplored, seeking to systematically apply modern exploration techniques to discover Tier 1 projects.
Outlook:
- Daily Support currently Holding after recent trend break, area of interest is at Daily Resistance and Retest of Daily Uptrend. I think the only thing that help price regain trend will be Good Drilling results. Also note the Daily GAP is unfilled just below current price. If price was to regain trend, my target would be previous high from October. If support break then GAP fill is likely.
Watching.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Outlook:
- Daily Support currently Holding after recent trend break, area of interest is at Daily Resistance and Retest of Daily Uptrend. I think the only thing that help price regain trend will be Good Drilling results. Also note the Daily GAP is unfilled just below current price. If price was to regain trend, my target would be previous high from October. If support break then GAP fill is likely.
Watching.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Note
Daily GAP now closed as Support failed to hold price. Keen to see reaction moving forward with Drill Results pending as well as other Q1 2021 Announcements. We could fall to another level of support here or retest New daily Resistance.
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