RCR 0.00% 1.6¢ rincon resources limited

RCR chart, page-302

  1. 10,465 Posts.
    lightbulb Created with Sketch. 735
    https://hotcopper.com.au/data/attachments/6345/6345256-732dbc9d52b54cb07d7ebb3e72529bbc.jpg
    if we look at the HA candlestick on Friday's close
    you can see that it turned green
    and look at previous two times what happened after it turned green
    I believe few will jump in in the morning or late Friday afternoon thinking they were in for next ride but then....

    https://hotcopper.com.au/data/attachments/6345/6345262-341a11ec64bbe9cec06571b54237813a.jpg
    so today's drop is accompanied with increasing volume, so regardless what or how high the volume was in the past during up or down days.
    the drop todays come with higher than previous few day's volume is not looking good, imo.
    but why it didn't drop below 7.5c is because it is near long term moving average, so you would expect price to find support there.
    if the post-TH update proves that the drop is due to the negative news then this will become resistance.
 
watchlist Created with Sketch. Add RCR (ASX) to my watchlist
(20min delay)
Last
1.6¢
Change
0.000(0.00%)
Mkt cap ! $4.680M
Open High Low Value Volume
1.6¢ 1.6¢ 1.6¢ $2.576K 161.0K

Buyers (Bids)

No. Vol. Price($)
2 743888 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 239973 2
View Market Depth
Last trade - 11.26am 11/11/2024 (20 minute delay) ?
RCR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.