How will CR impact short-term trading?
From a weekly perspective, a drop from 14 to 11.5, which may not seem unexpected, with a raise at 10.
So what is happening now? trying to stay above CR price. Still 3 days before CR shares to be issued. So some play around that - in anticipation what CR holders may do. This stage, without an announcement, is an indecisive phase. So very difficult to say what may happen in short term, like 1 week. So I won't take a stab.
.
Personally I am exited my holdings this week at 12.5. As I wrote last week, my average buy was 4.5. I like the play here. Only reason I sold was because of CR play happening now - it brings some unknown play. So I thought, I had a good gain. I will get out and see how it plays out. I don't have an opinion. As I write on most stocks, for me trend is most important as I am looking to trade. So I will be watching that. For long term holders - RCR has done very well, there may be small hiccups, it may be part of the game.
.
I wish everyone holding all the best. It has had a stellar rise and lets hope it keeps that way.
.
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.
.
.
https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-74009072
- Forums
- ASX - By Stock
- RCR
- General Discussion
General Discussion, page-241
-
- There are more pages in this discussion • 616 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RCR (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.8¢ |
Change
-0.009(11.7%) |
Mkt cap ! $22.42M |
Open | High | Low | Value | Volume |
6.6¢ | 6.8¢ | 5.9¢ | $236.3K | 3.644M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 87640 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 63300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2560 | 0.063 |
3 | 121294 | 0.062 |
5 | 217506 | 0.060 |
1 | 59322 | 0.059 |
1 | 30000 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 24097 | 1 |
0.067 | 49979 | 1 |
0.068 | 379000 | 2 |
0.069 | 88300 | 2 |
0.070 | 230842 | 6 |
Last trade - 10.34am 30/07/2024 (20 minute delay) ? |
Featured News
RCR (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online