The Rubicon Minerals Corp (RBY) daily chart shows the following signs:
The Price of RBY had a long development (sharply) crossing the KUMO upwards. As you can see in diagram it reaching the 0.764 of fib at about $1.55. At this price $1.55 there is long term resistance line that I think that the share will not breach for now. The share is above the Tenkan Sen (light green) and the Kinjun Sen(blue line) too. The MACD is on bullish signal and the RSI too but overbought.
I expect that the stock will continues the long movement until $1.55. Then it will decline accordingly to XAUUSD behavior. Do not forget that XAUUSD has a long term resistance line too.
The Price of RBY had a long development (sharply) crossing the KUMO upwards. As you can see in diagram it reaching the 0.764 of fib at about $1.55. At this price $1.55 there is long term resistance line that I think that the share will not breach for now. The share is above the Tenkan Sen (light green) and the Kinjun Sen(blue line) too. The MACD is on bullish signal and the RSI too but overbought.
I expect that the stock will continues the long movement until $1.55. Then it will decline accordingly to XAUUSD behavior. Do not forget that XAUUSD has a long term resistance line too.
