I'd agree that this is the beginning indeed. Trend break usually begins with a break of 62% fib plus daily MACD breaking above the axis line.
We had that huge volume already, but the minor 62% (1.4c) and main 62% (2c), is still intact. I'm conscious that RDS has to replenish her treasury soon. Let's see how we go
Above 1.4c will certainly see this run to 2c and above 2c should see a break from 2 year long downtrend.
RDS chart, page-141
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.627M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2250000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 10516270 | 7 |
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| Last trade - 16.12pm 20/06/2024 (20 minute delay) ? |
| RDS (ASX) Chart |
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