RCR 4.55% 11.5¢ rincon resources limited

A topsy turvy week - what's the next direction?From a weekly...

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    A topsy turvy week - what's the next direction?

    From a weekly perspective, numbers don't look great. A drop from 14.5 to 9.1. But from just over 2 weeks when it was around 3, for many its still great.

    A big volatility on weekly basis, or even on a daily basis happening now. Unusual? I don't think so. Its in that phase, where punters are just not sure - is it the big one or is it a false breakout. Any small indicator or even pattern of selling drive the herd - some big buys lead to many buys, some sells lead to many sells - so volatility is high.
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    Last week I wrote I had increase my average from 4.5 to 6.5 from 2 weeks back. This week allowed me to pull back my average to 4.5 again. I did sell a few when we were high, but have bought back. So lets see what's in store this week. wouldn't be surprised for some volatility to continue till there is confirmation either way.

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    For those interested how the stock is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 30 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

    Here is the report for this week.
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    https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-73780666

 
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Change
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Mkt cap ! $26.71M
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11.5¢ 12.5¢ 11.0¢ $314.1K 2.692M

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Price($) Vol. No.
12.0¢ 550335 8
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Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
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