After the Chinese sell off of some of their copper reserves, bringing the price down unexpectedly, I have reviewed my RXM chart.
The share price has bounced off the weak support line at 30 cents and is attempting to breach the weak resistance line at 35.68 cents. This week will show if it follows down the new pennant or breaks up out of the pennant.
I wrote to the Minister for Mines and Energy to ask what, if anything, they are doing to support the development of Hillside. He wrote back and after saying what a great support the Govt was to mining in SA, that they were aware of Hillside and various agencies including Austrade would help them with their financing attempts. (yawn)
Chart, page-60
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Last
47.0¢ |
Change
0.005(1.08%) |
Mkt cap ! $368.1M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.0¢ | 46.5¢ | $3.977M | 8.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 11515797 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 5742426 | 40 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| RXM (ASX) Chart |