I'm not so sure about $8 being a strong resistance level, it failed to break out of $8 last month but it doesn't look like a major resistance point. It seems to have gone through $8 just as many times as it has bounced off $8 in the last few years. I think potentially more resistance at around $8.50. Once it gets past there, I think we start to look at $10.
Again, I think there is more upside potential than downside.
That's the beauty of it LAC. There is no way RYM can keep up with demand in NZ and Victoria for the next 5 years let alone the next 20, and neither can their competitors.
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