Still playing strongly.
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From a weekly perspective, a decent gain from 2.6 to 2.9. Volume moderate.
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So what is happening? In the doom and gloom of Li sector, RDN is playing strongly. Where most stocks are looking to do new 52 week lows, RDN not only held the level, but rose. So no denying that it's playing with strength? Why, don't know. Many doing comparison, may feel the market cap is higher than many advanced Li stocks. But maybe it's the land they hold. Maybe an offer is coming. But something is in the air.
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Personally have not yet bought. Trying to stay away from Li stocks till trend changes. But I did buy one today, another one that was very good to me. So if RDN continues to play like this next week, will look for an entry.
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So what may happen next week? I still feel 3 is a very critical number. It needs to go over that, and stay there. That will be my play. Let's hope it plays that way. Enjoy your weekend and all the best.
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