Yep and it broke-out from the 50-day-Moving Average on Friday, backtested yesterday and moved up again now today. First time RDN has been over the 50-MA in a very, very long time.
Rule of thumb...above the 50-day-MA is Bullish and below is Bearish.
Lithium prices continue to move higher and with reality starting to hit for true lack of supply with mines closing, deadlines pushed out, low quality being seen for what it is and many major automakers like KIA, Volvo continuing to push all EVs this will only keep going.
Chart below noting the 50-MA in yellow and the accumulation phase since Feb.
Daily Discussion, page-5843
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $73.40M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.7¢ | $152.0K | 5.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 5281747 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 75000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| RDN (ASX) Chart |