Is this the real deal?
A very strong play this week, move from 6.9 to 14.5, a gain of 110% for the week. Numbers tell the story, I don't need to add more.
There was no major announcement this week, but the strong play continued from last week. As we all know and think, there is always some who know more than what is disclosed. And it sometimes gets reflected in plays like this. I am not saying that anything wrong is happening, but a strong price action reflects the strong sentiment many are having currently.
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Personally, last week was first time I had posted on RCR. I had bought at average 4.6 when it came back from 5 and held 4. This week I added more, but at much higher price, around 10, because I wanted to see the play around 10. My average now 6.5. Its been a good play, but as I wrote in another REE hopeful play where I playing relatively big, I wish I was playing the same here. but it is what it is. At least I am here. very good signs. But a very important week coming up, especially if there is no news. I follow price action, I am hoping its a good one.
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For those interested how the stock is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 30 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
Here is the report for this week.
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https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-73667594
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