Resources Prima Group (“RPG”) was actively traded with total volume done 17.8m shares yesterday. 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 – 0.137. Based on Chart 1 below, 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. The flag formation should be confirmed if RPG can breach $0.137 on a sustained basis with volume. An upside breakout from the flag formation points to an eventual technical target of $0.215. This is […]