Dear all, Chart alert: Resources Prima Group’s potential chart break out
Resources Prima Group ("RPG") was actively traded with total volume done 17.8m shares last Fri. This was the highest volume last seen on 15 Apr 2015 which was the recent peak. It closed +0.004 to 0.135 on Friday. Day range was 0.130 - 0.136.
RPG seems to be in a flag formation for a month. At $0.135, it seems to have breached the flag formation with an upside breakout.
A remarkable transformation from obscure to blockbuster coal player -- Resources Prima is my bet for a good return this year. In the next couple of weeks, or as early as this week (who knows?), the company could get its 2nd permit to mine the larger section of its coal concession.