Good Analysis,
I few points I can add:
The recent downtrend was more then I expected (normally expect 50% retrace from low to high)
There has been widespread commentary/knowledge about reductions in drilling value/ explorers financing,
I think this contributed the the extent of recent price declines.
I was considering adding more at the recent low prices, but the downtrend did not seem to have bottomed.
The recent rise is a surprise to me, because the significant rise has not been associated with any public info or sentiment.
Its a very significant rise over a short term, so I think it could be driven by either:
1 Insider info on positive info, which could result in longer term value/price
2 one or more brokers/tipsters/analysts creating more demand
Currently I am open to the future direction of the share price, I think it is range trading; could breakout on the upside of the range, or could revert back into the range, as shown on your chart.
If I were to bet, I would expect it to revert back into the range. If it breaks on the upside, I would not be selling.
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Last
$1.68 |
Change
-0.020(1.18%) |
Mkt cap ! $236.1M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.70 | $1.65 | $275.1K | 165.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4687 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 404 | 1 |
View Market Depth
| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| XRF (ASX) Chart |