RBY
Rubicon Minerals Daily (02.07.2014) Chart Tech Analysis TrainingThe 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.
Rubicon Minerals Corp Weekly (21/2014) Chart Technical AnalysisThe Rubicon Minerals Corp (RBY) weekly chart shows the following signs:
The Price of RBY tries to make a bottom pattern for reversal but before 9 weeks cut the Kinjun Sen down giving a bear signal. The last week the Tenkan Sen cut down the Kinjun Sen too. The MACD is on bearish signal and the RSI too. The stock is under the KUMO Cloud. The only think that makes some doubts is the divergence on MACD.
I expect that the stock will continues the short movement that is depended of the XAUUSD movement . The first support is calculated at $0,95.
