May I suggest you peruse the chart again as the stock is not in an uptrend (IMO)
It is trading sideways (which is consolidation) and for it to be trending upwards one would need to see the candles moving higher and actually breakout above 50...
RGL Chart, page-55
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.309M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $43.38K | 10.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3504133 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5368751 | 11 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RGL (ASX) Chart |