Australia's largest stock trading and investment forum Australia's #1 stock forum

RNU

0.00%

7.8¢ renascor resources limited

RNU chart, page-3945

First 3945 Last

Share
Profile

Follow
TongTong

233 Posts.

22

13/12/23

06:20

Post #: 71415822
Share

Originally posted by justbyanose: ↑

Any trade you enter, whether your initial thought was a short or long term timeframe, its frustrating at the least to see it head in the wrong direction. The realistic options are to either cut your losses & move on or risk it & wait it out. If you don't sell quickly, then a paper loss may well in time turn into either a considerably larger loss, or with some luck, into the profit you intended when you initially entered the trade.

Not unlike their first grey hair / no-one likes to see a trade go the other way. Similarly, a chartist sees a gap on a chart as a conundrum too. Many chartists will not consider enter/add until that gap is filled. RNU has a gap on the chart at 0.115 which very nearly, but not quite, got filled today.

IMO there has been almost an urgency & a concerted effort to get that gap filled the last week or so by the ongoing large daily dumps & minimal large buying to counter. The drop in SP puts us nearly back to where we were 2 months ago prior to the 50% gain that followed in 4 trading sessions.

Anyways, just a ramblers (& gamblers) thoughts that once that gap gets filled, there might be room for a bit more positivity round here. Remember there's still an abundance of that grey stuff in the ground that most everyone in their medium & long term future will need. Surely it will turn at some point. Will the gap fill be that pivot point? Only time will tell. Best of luck all.
View attachment 5816986

Expand

If your theory is correct then the daily chart on the 6th if Dec 2022 needs filling at $0.315

RNU Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BUX

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

There are more pages in this discussion • 526 more messages in this thread...

First 3945 Last

Add RNU (ASX) to my watchlist

(20min delay)
Last 7.8¢		Change 0.000(0.00%)		Mkt cap ! $198.2M

Open	High	Low	Value	Volume
7.8¢	7.9¢	7.7¢	$230.9K	2.957M

Buyers (Bids)

No.	Vol.	Price($)
7	599832	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	24293	1

View Market Depth

No.	Vol.	Price($)
7	599832	0.078
24	1226607	0.077
13	633860	0.076
16	543805	0.075
8	690500	0.074

Price($)	Vol.	No.
0.079	24293	1
0.080	405395	5
0.081	103797	1
0.082	138004	2
0.083	368000	4

Last trade - 16.10pm 04/10/2024 (20 minute delay)

RNU (ASX) Chart

RNU chart, page-3945

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

RNU chart, page-3945

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News