From a technical perspective, I don't disagree with this at all (although I would like to see a bit more ranging around the 27-28 cent level before the next leg up).
The greater problem with analysing GRR's price movements is that there is at least one event which could trump any technical analysis - an announcement of a JV/way forward on Southdown. While this is true to at least some extent with all listed companies, in the case of GRR it is a "known unknown" rather than an "unknown unknown". For my part, I would expect the announcement of a favourable announcement on Southdown to cause a large gap up from present levels.
I guess what I am inelegantly trying to say is that for this company I place greater reliance on (i) fundamentals and (ii) patience that I do on (iii) technical analysis.
Happy to hear views from people who are better at TA than me.
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nice consolidation , page-2
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $289.3M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.3¢ | $578.8K | 2.342M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 512034 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 195506 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 512034 | 0.250 |
9 | 284522 | 0.245 |
21 | 398599 | 0.240 |
11 | 320244 | 0.235 |
13 | 230439 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 195506 | 4 |
0.260 | 189140 | 7 |
0.265 | 142500 | 4 |
0.270 | 164537 | 4 |
0.275 | 293998 | 5 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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GRR (ASX) Chart |