RED 1.19% 42.5¢ red 5 limited

selling pressure deminished?

  1. 541 Posts.
    I've noticed over the last two days of action that selling pressure has deminished some-what. There is an algo accumulator in opperation, and buying pressure increasing very slightly. Good news for RED?

    I would have expected a steep rise, if not now than later - after we have gotten this upgrade to resource. I must say though, the Ann puts me in a comfort zome today, more-so than yesterday. Although my expectations of hitting a higher value directly after the Announcement was not met due to market situation, there may be some hope yet for it to rise.

    RED is trading sideways and a concerning anticipated cross from the 20dMA under the 50dMA. At the very least we are testing the 200dMA and supprt seems to be strong on it.

    October may not be a bad month after all even though October seems to bring out the gloom and downside prophecy due to history.

    Rather keen to see what happens next :) Fingers crossed.
 
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Last
42.5¢
Change
0.005(1.19%)
Mkt cap ! $2.891B
Open High Low Value Volume
43.5¢ 43.5¢ 41.5¢ $11.42M 26.92M

Buyers (Bids)

No. Vol. Price($)
11 222136 42.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.5¢ 1437793 11
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
RED (ASX) Chart
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