Volumes were were low, just around 2.5m for the week, which sometimes we do in a day.
Also very narrow trading range - 39 to 42.
So overall no major direction, just floating around, punters now waiting for next results it looks like
This reminds me of trading in early 20s after drop from mid 30s.
I have been saying that 40 is key for me. This week it looked very suspect after number of attacks at 40 in recent time. My buys are from 33. I did let go one third at 41, very reluctantly, but I had always told myself that 40 is key to hold, so as a discipline I did that. Still holding two-thirds. REE sector in general not doing well. As can be seen in the weekly report below - last 3 weeks on average - 4% loss, 5% loss, 4% loss. Hopefully its a repeat of early 20s trade and we move on towards 60s with a good announcement.
For those interested how ENR is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 26 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.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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