Another hour and a bit of trading today so things could change...But looks as if they won't...
Bearish Harami candle coinciding with a touch of the upper trendline of the downward channel is not good - and indicates more downward pressure on the share price into next week IMO....
Looks as if yesterday was just a bounce before continuing down...
PS... Look at the negatives....
1 Look at the distinct downward channel and notice how RXL is restricted to within its boundaries....
2 Bearish Harami candle
3 Still cannot punch above the 18EMA and has been under it since June.....
4 Very high chance of a CR soon and that would be at a discount on the VWAP over the last couple of weeks which looks to be around 0.225 - 0.23c so CR would be around 0.18c IMO
GL - Glad to see some miracle and be wrong but not looking great at the moment......
RXL to re rate this year. Target 75 cps, page-82
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 (20min delay)
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $56.98M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $52.57K | 369.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 214745 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 123371 | 6 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
14.0¢ |
Change
-0.005 ( 3.45 %) |
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| Open | High | Low | Volume | ||
| 14.5¢ | 14.5¢ | 14.0¢ | 240558 | ||
| Last updated 14.09pm 17/06/2024 ? | |||||
| RXL (ASX) Chart |
