An oversold reading on the RSI indicators is guarantee for prices to move higher. But price action is.
All I'm saying is that if you are waiting to put more of your fortnightly wage into this stock, you will have the possibility of at least 1-2 more cheques to accumulate, while RSI indicators will remain stubbornly oversold. Once the stock over hang has washed through, we will see hockey stick SP performance. I have a feeling that RRL will be one of the ASX's best performing stocks in June, but not May.
Remain objective to manage your emotions with this stock, you will need it through May.
An oversold reading on the RSI indicators is guarantee for...
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Last
$4.39 |
Change
-0.100(2.23%) |
Mkt cap ! $3.316B | |||
| Open | High | Low | Value | Volume |
| $4.47 | $4.53 | $4.37 | $16.81M | 3.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 51252 | $4.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.39 | 7201 | 1 |
View Market Depth
| Last trade - 16.17pm 27/06/2025 (20 minute delay) ? |
| RRL (ASX) Chart |