Rimrock 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...
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...
As the axiom says, "The market is unpredictable except when we can frame it with experience" Today I do not have much to say, because I do not understand 100% what happened. Obviously there was a huge sale in a very short time, which probably caused panic and some investors began to sell. It finally stabilized and closed at 0.0012 showing an at least apparent...
Today 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...
The 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...
Muy 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...
The 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...
Analyzing 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...
With 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...
RMRK 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,...
A 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...
746/5000
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...
RMRk 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...
Today 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...
The 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...
Although 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...
Today 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...
