High volume and rising price. The odd thing is that there is no news, but that is not the case. The market is punting on RED due to the Quarterly being released. They most likely believe it will be good news but it is a punt none the less.
We should see a steady rise leading up to the report and depending of the nature of the report will determine the direction, naturally.
Of-course, if the price takes a drop back to original low then that theory is cooked.
Another explination may be a simple technical pattern, obviously favourable, bouncing off support.
Sorry, but rises on no news when the lows are clearly the result of delay leaves me skeptical.
january 2012 production update, page-26
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Last
35.8¢ |
Change
0.008(2.14%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 35.5¢ | $610.1K | 1.694M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 854471 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 241645 | 14 |
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| Last trade - 10.16am 08/11/2024 (20 minute delay) ? |
| VAU (ASX) Chart |