If someone wants in and they know there will be downward pressure this month, it's easier for them to push it down and wipe lines out. As I explained in an earlier post today, we've had some 55m options converted since 14/11/24 and that's worth $825k.
Sure some will get cold feet, stop losses will get hit etc.
I still look to someone buying 12m at 3.5c and some of the 5m line wipes at 3.3 and 3.4 and think someone wants in big.
The Architect showed in a recent broker report that it was retail selling and brokers buying. Would be good to get another report in the next few days
RDN Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
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