How are charters feeling from this week's performance? Some big suppression going on by that couple of people when I'm watching the market day to day.
On a side note, I'm seeing more and more occurrences of gold explorers having their prices suppressed hard on big news days, held down for a long while to accumulate, and then allowed to just bolt off out of the blue with no news afterwards.
A couple of examples I've seen so far:
BGL: Big news on 10th June. Prices went up halfway, but suppressed for 10 days until 20th June before bolting off.
DEG: Major news on 9th June. Prices also went up halfway, but suppressed from there for 10 days until 19th June then ran off like a frightened horse.
We'll know in a while if RXL has been suppressed as well (I've suspect there have been about 3 suppression cycles since mid June, we're in the longest suppression cycle of the three now). So I think there's two opportunities for strong price growth at RXL in the next week(s): Being free from price suppression after their accumulation is complete, and news of deeper drills and their gold intercepts.
We just need to be patient enough.
RXL chart, page-1357
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $51.32M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 13.0¢ | $2.932K | 22.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 284169 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 319739 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 254104 | 0.125 |
8 | 191027 | 0.120 |
3 | 158750 | 0.115 |
3 | 28189 | 0.110 |
6 | 162356 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 250000 | 1 |
0.135 | 335386 | 4 |
0.140 | 328044 | 8 |
0.145 | 479895 | 6 |
0.150 | 244411 | 5 |
Last trade - 10.06am 07/10/2024 (20 minute delay) ? |
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RXL (ASX) Chart |