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Rimrock Gold Corp.

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RMRK trade ideas

$RMRK - Hype Building For AcquisitionRimrock Gold Corp. (OTC: RMRK) is one of the hottest stocks this week after climbing by as much as 150%. While the company is known for offering cannabis products, RMRK landed on many watchlists this week thanks to its plans to announce acquisitions in the near future. With this in mind, it appears that RMRK stock is shaping up to be one of the OTC’s latest and greatest runners. RMRK Fundamental Analysis Through its subsidiary Acqua Cannabis, RMRK has been offering cannabis based coffee and other products like CBD oils and hemp extracts to capitalize on the rapidly growing cannabis market. Although the cannabis market is expected to grow at a fast pace, RMRK was unable to take advantage of this market. Back in April, RMRK shared PR about its operations and growth plans with its shareholders. In this PR, RMRK shared that it was struggling to grow its business organically mainly due to the increasing competition in the cannabis and wellness markets as well as its lack of funds to continue its operations. As a result, RMRK is currently exploring growth opportunities to expand its business in order to increase its shareholders’ value. In addition, RMRK shared that it is in the process of conducting due diligence for a number of acquisitions in different sectors. By utilizing this strategy, the company believes it has more opportunities to enter growing markets where it can secure a significant share and grow financially. With this in mind, RMRK gained investors’ attention lately after sharing that it was in the final stages of conducting its due diligence on an acquisition and would be updating shareholders very soon. In the meantime, investors are anticipating PR from the company regarding its expected acquisitions as RMRK shared that it is waiting for final approval to complete an acquisition. It has also promised to update shareholders about this matter in the near future. Based on this, some investors are bullish an announcement could be made as early as next week. Given that RMRK stock has been running in anticipation of the acquisition, releasing PR could send RMRK to new highs especially if the acquisition is in a lucrative industry. Meanwhile, many investors are bullish the upcoming acquisition could be profitable for the company due to their confidence in the CEO Jordan Starkman. With an extensive background in finance and business development, investors believe Starkman will find the best acquisition possible for RMRK’s future growth. Through his 20 years of experience, Starkman has been the president of public companies Pacific Green Technologies (OTC: PGTK) and Health Advance Inc. (OTC: HADV). As well, Starkman worked for 10 years as a consultant for several public companies and was responsible for starting new businesses for these companies. Based on this experience, investors are bullish RMRK stock could become profitable with the current management in place. RMRK Stock Financials According to its latest quarterly report, RMRK has $3.9 thousand in assets and $371.4 thousand in liabilities. Meanwhile, the company has not reported any revenues and has $4.2 thousand in operating expenses. As a result, RMRK reported a net loss of $4.2 thousand. Despite these poor financials, the report highlighted that the company has no outstanding debt and no convertible notes which could be a good sign for RMRK’s shareholders. The company has clarified that it has no plans for dilution or a reverse splits. In the interest of transparency, RMRK also shared that its number of outstanding shares has not changed. Technical Analysis RMRK is currently trading at $.0017 and has supports at .0014 and .0008. Meanwhile, RMRK has resistances at .0021, .0025, and .0032. Due to speculation about the company’s acquisition, RMRK stock has witnessed high trading volume of 405.8 million since June 15th – contributing to the stock’s surge. Given that new updates are on the horizon, RMRK could sustain its run following its golden cross on the hourly chart. Accumulation is trending upwards in anticipation of these catalysts, however, it is witnessing a slight downtick with some profit taking. Meanwhile, the MACD is bullish to the upside and the RSI is at 76 indicating that RMRK stock is still overbought. Bullish investors could find an entry point on pullbacks. But since RMRK broke through its VWAP at yesterday’s close, investors should watch to see if it moves back above the VWAP. RMRK Stock Forecast Despite struggling to grow in the highly competitive cannabis and wellness markets, RMRK stock forecast appears brighter than before with promising acquisitions on the horizon. With the company waiting for final approval to finalize an acquisition, investors are speculating an announcement could be made by as early as next week. Given RMRK’s 150% run so far, bullish investors could be set for multi-day run if the company’s acquisition target lives up to expectations. RMRK could also be worth holding long-term considering the management’s commitment to its shareholders with promises of no dilution or reverse splits.
OTC:RMRK
by Penny_Stocks_Today
RMRK by Acqua Cannabis 1218/5000 I have not written about this asset for a few days. The reason is that according to my knowledge, the technical analysis that I have applied does not correspond to the logic that governs this type of analysis and that puzzles me. Acqua Cannabis subsidiary of RimRock according to the news and available twits, is increasingly solid and focused on the development without limits of its projection. I incline to that line of thought because I read that, since they make their first serious contracts, they begin a stage of relationship production, inventory and tangible sale. They are in process to participate in the field of Phase 1 clinical and pharmaceutical research of certain popular cannabinoid products in the market, with serious and prestigious institutions and endorsed in that purpose for more than 40 years of experience in the scientific field. That said and despite my knowledge, I can not understand clearly, the behavior of the price in the development of RMRK. When I find some sensible answer on the matter, I will share it with you. Meanwhile I follow closely any movement or news about it, because despite my doubts I can not stop believing that RMRK is an asset with a quasi-guaranteed future.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisToday I will not talk much. I decided that after that big rise to fall to 0.0012. It is true that when there is an extraordinary rise, there are also extraordinary sales, of people who consider enough profits, but I was excited. If we look at the daily chart, the trendline of the triangle continues to serve as support, and the triangle pattern continues pointing upwards. Only having broken the resistance 1, 2 and almost 3 of the Pivot Point, I thought it would continue to 18. Hopefully tomorrow it will recover and return to its previous range.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisThe price keeps going up as planned. Impressive as slowly the price has been rising since October 2018. Privately I have spoken worried if it is to artificially raise the price and then collapse to manipulate in its favor the market, Pump and Dump. Fake news. I do not understand how someone who knows the market can think this about RMRK. Just looking at the graph you can see how the bullish movement does not stop, slow but inexorable every time the low low is higher, that week after week, where are the arguments for that doubt? I do not understand them. It is good to remember that the market always, fijense use the word always, it goes up, moves sideways and goes back up, or on the contrary low, it moves sideways Range market and keeps going down. On the other hand the market rises, makes a respite pullback and depending on the intensity of the continuous decline going up according to the accurate forecasts of the indicators, or change direction starting a downward trend. Traders, whether professionals or not, will always have the possibility to buy cheap and sell expensive or vice versa. The Pump and Dump is another very different thing. It is for that reason that fundamental analyzes play their part. If a company builds infrastructure, it is physically auditable, it is economically transparent, the investments are clear, the staff is prestigious, it does not deserve to be hung up on the sign of doubt, which only harms serious investors who have relied on the serious purpose of said asset. A company that only a few months ago was at 0.0003 and that one by one has been increasing the digits until reaching 0.0017, and close hoyen 0.0015 with the prospect of arriving soon at 0.0018, is to be more respected and not be banderillas false and harmful. Let's wait as the week closes.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisMuy contento con las apreciaciones anteriores. El movimiento de RMRK se comporto de manera deseada y predecible, algo que solo muestra robustez y consistencia. Tal y como se habia previsto realizo el pullback "C" casi obligado, retrocediendo un 55% y comenzo temprano a escalar la proyeccion. Segun Fibbonaci la proyeccion C-D deberia llegar entre el 138 al 161 % de AB. En este caso llego a 0.0015. Podemos tambien observar el patron de triangulo y las resistencias del Pivot Point, no solo rompio el patron, sino que paso la R1 y la R2. El volumen subio extremadamente, algo que aumenta el entusiasmo y la credibilidad. El OTE Market.com musatra a RMRK con un informe economico al dia y es nombrada como Current Pink. Ya agotado el incremento de precio, se hace tan atractivo vender algunas posiciones que seguramente por eso baja, y hace un nuevo pullback. El nuevo pullback fue pequeño D-E, llego un poco mas que el Fib de 32.2%, llego al 40%, pero bajo a 0.00128 aun subiendo de inmediato a una cifra alta, lo que me auguraba que la recuperacion del respiro iba a ser rapida y eficaz algo que paso de esa manera llegando a cerrar en 0.0014. Si sigue por este camino, la proyeccion de Fibonaci podriia sobrepasar el precio de 0.0017 alcanzado en Agosto del 2018, el precio sube y baja de manera coherente, y termina en un doji de indecision, lo cual veremos en los proximos periodos. Segun mi opinion estamos en presencia del comienzo del lanzamiento de RMRK- Acqua Cannabis hacia el nivel de Penny Stocks OCTQB. Me alegra se mantenga el Rango alto, 0.0010 - 0.0017 testing al mayor precio de los ultimos 12 meses. Una vez mas , observamos los low low cada vez mas altos. En mi opinion este Penny stock esta en franca recuperacion y no se prevee cuando parara de revalorizarse. Estare pendiente si Acqua Cannabis , la subsidiaria de Rimrock que ha provocado este impulso, nos comunique algo por la cuenta de twiter del Dr Hugo Romeu, su CEO., para orientarnos de los pasos que se estan dando para que ocurran estos cambios.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisThe resistance line is maintained. It is correct to point out that yesterday was even above the Resistance 1 of the Pivot Point analysis, but on this day it has remained slightly below. As expected, the price reflects the announced pullback, but you can also see a support at the height of 0.0010 that prevents you from downloading more. With three hours to go before the market closes today, the two-time dojis Dragonfly chart predicted a slight rise but only recovered to the 0.0011 value and I expected a minimum of 0.0011. The movements so far have respected the triangle bullist pattern, so we expect the price to break the resistance line of the triangle pattern from the pulback, at any time. Any other scenario would be surprising to me.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisAnalyzing the beginning of the week, the movement of RMRK has been upward, something that has been seen in recent weeks. The line of resistance is maintained, in the next few days after a pulback it may break it. Today at some point I reach 0.0012, but I am inclined to think that at any time this week the resistance will break and the price will rise. The volume was low, this lack of interest this Monday did not contribute to closing in higher numbers. We hope to see what happens tomorrow.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisWith a low volume that indicates little enthusiasm in operations, RMRK remains on the rise. Starting the day at 0.0009 closes at 0.0011 something truly encouraging. Each time we see a narrower Range, but higher. The indicators, especially the Bollinger band, support the theory that the climb should continue, although I would not be surprised if tomorrow a pullback due to the high level reached by today's candle. If tomorrow there is more volume we will continue the path of the triangle pattern, and always waiting for a breakout that breaks with the resistance line of 0.0011
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisRMRK continues its rise. Although it makes some erratic movements the low low continues to rise and the resistance line keeps making the climb difficult, continues the pattern of ascending triangle, after making some adjustments to the trendlines, there is no fixed moment in which a breackout breaks the barrier from 0.0012. When I write this comment, at 10:40 AM, I see something strange. The last candle is in red, both in the timeframe of the day and in the hour, when it should be in green, because as you can see in the graph at this time we are in 0.0010 after having dropped to 0.0009. I thought it was some mistake of confusion and I checked in other pages like OCT Market and Yahoo Finnancial and I was right, I think it was an error in the tradingview chart that worried me. Why do I get scared? because sometimes because of the lack of time you usually see only the graphics, especially the candles, without the proper analysis and in cases like this can lead you to an error of decisions. No error appears in the bar graph. If I am wrong, I thank you for taking me out of my error. In general I remain optimistic with the slow but safe rise of RMRK. The volume most of the time remains above the moving average and the indicators, although discreet, announce a bull market.  We hope to see how the day unfolds.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisA little bewildered. The RMRK market has not moved consistently. It is as if some investors have taken some unfortunate steps, by ambition or fear, as the maximum of the traders says, since the behavior is not maintained today within the field of the rules that govern the Technical Analysis, nor the fundamental one that only listens to measures encouraging However, despite the fall to 0.0009 and the indicators pointing downward, I do not see it logical, it could be a respite, I hope optimistically that tomorrow will recover and continue the upward race, a trend that has been maintained for several weeks. .
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua Cannabis746/5000 As today there were no major changes, the range remained narrow between 0.0010 and 0.0011, let's analyze the behavior at a more macoscopic level. The week passed showed an indecision showing us a classic Doji, however this week has remained upward, closing at the top level of the Rank. The indicators are optimistic. Everything moves slowly but without large pullbacks, it goes up little but goes up. On the daily chart a bullish trend is clearer, after four consecutive days up. All this happens in a quiet environment, without news, so if any positive news shows us the path of progress, it will undoubtedly be reflected in more values, more prices and a definite upward trend, although discreet.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisRMRk remains ascending. Although it has not exceeded 0.0011, the range has been 0.0010 - 0.0011, which shows a solidity that we were not used to in previous months. Looking at the daily chart we see clearly a triangular pattern with ascending direction. The volume ended up low, perhaps the reason for so little movement but both the indicators and the presence of two Dojis bulling announces a possible rise maybe tomorrow. We insist that the low low continue to be increasingly higher. Let's wait as the week closes.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisToday we are going to analyze the macro, a timeframe that includes from October until today, almost five months of a bullish RMRK, where the low-low that produces the pulbacks are kept higher and higher. Today ends the session with an acceptable volume and leaves us a doji, dragonfly, which suggests a bullish market once again. The moving average are optimistic and the indicators of volume, that trilogy that is the CMF, and those of oversold and overbought, such as the stockastic are shown waiting for an imminent rise, which if it does not happen at least I would be surprised. As I have said on other occasions, the movements of the RMRK have been discrete but sustained. I would like to see a climb to park in a 0.00012 to 0.00013, we hope to see how the next moves are developed.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisThe semana comienza con muchas espectativas. A pesar of a discreet voluminous Rango is handled in atractivo entornos, 0.0009 to 0.0011, cerrando a los 0.0010 lo cual es muy atractivo. It is about, the moving average indican an aumento in el precio. While observing the reality of the future, it is important to note that the most important features of the country are high-high-high-high-high-high-high. Curiosamente ha abandoned the boss of para channel to adopt a pattern of triangulo ascendente, that indicated a claro movimiento alcista. The indicators of the timeframe of the year are not optimistic, but the results of a series of events have not been possible. There are no news of the directiva of Acqua Cannabis, pero sin duda, algo bien estan haciendo ya que parece casi inevitable que el precio de revalore aunque siempre pienso that will be of manera discreta pero continua.
OTC:RMRK
by CarlosBerenguer
1
RMRK by Acqua CannabisAlthough there were moments of great strength, the RMRK market remained undecided. If we look at the chart of candles for a week we see a clear dogi of indecision. However, if a large volume kept good prices and even reached 0.0012. The range remained at encouraging numbers 0.0009 to 0.00112, which at least shows me a downward negation and an increasingly bullish attempt. However, the Daily Alligator remains optimistic, and the stockastic moves laterally as if waiting for an order. It is good to note that all this movement occurs with a negative volume, due to the sales caused by the great positive jump. I insist that I prefer more discreet increases that do not alter the good behavior of investors, making it revalue more and more.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisToday the price of RMRK has been uneasy, the increase in volume possibly caused by some positive news issued by Acqua Cannabis, a subsidiary of Rimrock RMRK, made it arrive early at 0.0012, but as happens sometimes some investors wanted to take advantage of that profit and sold causing a fall that only reached 0.009, recovering to form a Dragonfly showing indecision and for several time periods remained almost motionless at 0.0010 until closing. The indicators were in turn contradictory, the stockastic indicated a depletion so it should go down. Bollinger was not very eloquent, so I only have to be guided by the moving average of 20 periods and the confidence that this company offers me, which indicates a slow but sure upward movement.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisThe RMRK market behaved in the expected manner, downward, upward, but always bullish. We did not believe that it would break the channel and then return, we feared a substantial decrease, but it did not happen, on the contrary it recovered, reaching 0.0011 and then closing at 0.0010, which is excellent. If we observe the Bollinger bands they indicate us supersaturation and have two paths, meander in the upper band or go back to the lower band. But, there is always a but, the Alligator, the Moving Average of 20 periods, the Stockastic and the CMF Chaikin Money Flow, indicate an upward trend. But what do the candles tell me? that against the price increase movement, there was a rejection in the last few hours,  a resistance but that the end beat the buyers to close in 0.0010. Observing the Doji, Dragonfly, at least I inclined to the bull movement. For what we believe although at some point I could breathe, a pulback, the bullist movement will persist. Let's wait for the next days.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisToday's Rank has been good, has remained between 0.0008 and 0.0009 closing at 0.0009 which is a sign of strength, no jumps, rising slowly but steadily. As expected the price starts to detach from the lower line support of the Canal and the daily chart leaves us a bullish Doji, and I would not be surprised if it continued, along with the ups and downs, looking for the upper line of the channel, the resistance, if it turns out that the forecast could exceed 0.0012. In the morning an early rise occurred, this I attribute to the news that Acqua Cannabis, RimRock gave in the twiter of Dr Romeu, showing with apparent enthusiasm a considerable lot of Oil CBD preparing to fulfill a contract. The volume remained low, however the price closed upwards. Stockastic moves in the central area but with a bullish point bullish something that reaffirms the CMF that announces a discreet but a rise, I incline to believe it will keep the price up in the coming days.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisIt did not happen what I expected, but at least the price did not plummet too much. The range remained at attractive levels, from 0.0008 to 0.0009, if we consider that only about two months ago the range was maintained between 0.0004 to 0.0006. The indicators do not bode well, rather predict a decline but not important, the Stockastic has remained too long in the oversold zone or intermediate, I am inclined to follow the channel pattern and I think that in the coming days will rise as was provided. It is a good time to clarify that no indicator is perfect, and infallible, only that apreoxima more to the right than to the wrong. Today there was little movement of the volume, the weekend begins and many leave their positions to start Monday with more brios. Hopefully next week will be more encouraging.
OTC:RMRK
by CarlosBerenguer
RMRK by Acqua CannabisI would have preferred the price to reach again at least 0.0010, but in the daily timeframe a pullback is observed in a certain narural way, that is why you can not forecast for projections from a very small timetrame, one hour, etc. RMRK is shaping a pattern in the form of a channel, that coupled with the positive volume and stockastic and the CMF (Chaikin Money Flow) is in the middle and oversold, suggests that the price should be recovered in the coming days, although to be fair the Range has remained high compared to the previous months (0.0008 ~ 0.0010), closing at 0.0009 which is not bad at all. Although I wanted things to be faster, the "lows" have remained bullish. The Alligator that usually pre-empts the movements of the near future, leading indicator, announces a rise. The price, seen through the candles, shows us a classic Doji, indicating indecision or in the best case interruption of the address where the movement came from, in this case it was going down, so we could expect a rise in the following days.
OTC:RMRK
by CarlosBerenguer