CRR 0.00% 1.2¢ critical resources limited

I went with my gut today and bought more. Which goes against my...

  1. 3,697 Posts.
    I went with my gut today and bought more.
    Which goes against my trading rules as the chart is pretty much yelling caution to me on break down of wedge.

    Will see how price acts over next couple of days but I've traded it from 2.1c avg & sold ~6.. bought the gap fill day (4.8) and nailed 6.3 on the rejection candle a few days later on a pre set trade on open for another 30%. You think I would listen to my charting. But nooooo I have to be Captain Risky.. hmmmm at least my new average is bang on 5 now.

    To me the loaded sells 300/400/500k meant that pushed weak hands into undercutting and hence the sell down. Did you notice once one jumped a bunch of others jumped almost immediately. That's fear acting and rookie retailers (like me) panicking IMO.

    Pros can manipulate to squeeze out cheaper prices and I think that was done today. To me it seemed clear. No idea if I'm right or not. But if the pros aren't buying then the retails slow up too. If the pros load the line then the retails panic, undercut price and cascade the SP as the scared sheep follow suit. That's how I read it anyway.

    Regardless gut says 4CE will do extremely well off the back of DD and boy does the earth shake when the volume arrives.. looking forward to news I would imagine perhaps early next week.

    Cautious immediate term. Super bullish on DD.

    GL
 
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Last
1.2¢
Change
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Mkt cap ! $21.33M
Open High Low Value Volume
1.2¢ 1.2¢ 1.1¢ $15.27K 1.272M

Buyers (Bids)

No. Vol. Price($)
1 30380 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 982140 8
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Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
Last
1.2¢
  Change
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Open High Low Volume
1.2¢ 1.2¢ 1.1¢ 158390
Last updated 15.53pm 02/05/2024 ?
CRR (ASX) Chart
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