RED 2.70% 36.0¢ red 5 limited

Massive overhead resistance - unless there's a mysterious buyer...

  1. 2,337 Posts.
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    Massive overhead resistance - unless there's a mysterious buyer off screen, 33c+ looks unlikely
    Strong support currently at 30c. The confident tone of the AGM presentation suggests this is appropriate with the current & projected POG.
    Despite the pullback (mostly due to a stronger A$), the POG remains in "high profit zone" - if POG falls below A$2800, then the red flag goes up.
    The cognitive dissonance of war scenes and mass protests at the same time as seeing tourist pictures of friends in Egypt, Europe, Turkey & Bali is surely surreal ?? Combine this with FED pessimists vs FED optimists and one knows that the world has gone crazy and comfortable assumptions should be a cause of concern, instead of panglossian resilience.

    https://hotcopper.com.au/data/attachments/5715/5715079-8d4163f1c22f0fcd61c5e6ca070c82ff.jpg
    https://hotcopper.com.au/data/attachments/5715/5715090-378e38e6f6738707fdd4e0b6b5e29790.jpg
 
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Last
36.0¢
Change
-0.010(2.70%)
Mkt cap ! $2.448B
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37.0¢ 37.8¢ 36.0¢ $9.825M 26.88M

Buyers (Bids)

No. Vol. Price($)
18 1862724 36.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.5¢ 2312588 9
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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